Portland-based Geoloqi, a startup that focused on providing geolocation services to enable other applications, has been acquired by Esri, a company that seeks to enable “people to positively impact the future through a deeper, geographic understanding of the changing world around them.” Terms of the deal were not disclosed.
At the Esri European User Conference today, Esri president and Chairman announced the acquisition of Geoloqi, a location based services company. The announcement came as he was delivering his address to the conference. Dangermond pointed out that location based services are going to grow as more people use web enabled map services, particularly those that deliver higher levels of analytical capabilities for mobile devices.
Amber Case, cofounder of Geoloqi, shared the news with Forbes:
“Esri is the company that Geoloqi wanted to be when we grew up,” says Case with a laugh, exuding excitement over the new direction of her two-year old company. Esri, for the uninitiated, is a market leader in geo-planning software, and has been helping companies and organizations track activity through geographic knowledge since 1969. Planning on opening a strip mall? Esri can provide thousands of data-points to help you pick the best stretch of highway—from foot traffic to real estate costs to per-capita spending. Looking for the political activity by congressional district? They do that too.
Additionally, this marks the fourth acquisition negotiated by MergerTech, this year. Other deals include the acquisitions of Small Society, CrowdCompass, and SweetSpot.
For more information, read the Forbes article or read Geoloqi’s post on the acquisition.
(Hat tip @donpdonp)
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