Mapping software company has seen its shares pop by a third on Monday after revealing that it had been in takeover talks with US private equity company Thoma Bravo. The takeover price of $2.10 cash per share values the business at around $1.055 billion and is an 83% premium to Nearmap’s closing price of $1.15… Read more »
There’s one clear way to keep investors happy if you’re an ASX-listed tech company, even when you’re not heavily impacted by coronavirus, and Nearmap (ASX: NEA) was the latest to demonstrate what’s now become a major trend in Australian workplaces when it cut the pay of all its staff by 20% and its shares jumped… Read more »
Nearmap CEO Dr Rob Newman. Sydney-based Nearmap has bought US technology startup Pushpin, a deep learning and analytics technology venture, to expand the services it offers with its aerial imagery. The cost of the deal was not disclosed by the ASX-listed geospatial mapping tech company, which operates in Australia, US and Canada. Pushpin extracts data from… Read more »
A Nearmap image of Sydney Nearmap is is an Australian aerial imagery tech and location data company Revenue grew by 36% to to $90.2m last year thanks in part to US market growth The company posted a bigger-than-expected loss of nearly $15m Investors punished the company, pushing shares down 15% in early trade ASX-listed tech… Read more »
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