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MapInfo Acquires Dimasi Strategic Research, a Leader in Retail Location Intelligence

  • 02 August, 2005 12:17

<p>–Acquisition Expands MapInfo’s Offerings in the Retail and Commercial Property Markets–</p>
<p>Sydney, Australia—August 2, 2005 — MapInfo Corporation (Nasdaq: MAPS) today announced it has acquired privately-held Dimasi Strategic Research, an Australian market and economic research company specialising in the retail and property sectors. The acquisition will strengthen MapInfo’s presence in retail location intelligence in Australia and New Zealand and will add to MapInfo a highly skilled team of professionals with an in-depth knowledge of the retail and commercial property sectors.</p>
<p>Dimasi Strategic Research provides a wide variety of location analytics products and services including strategic reviews for shopping centers and stores, market/economic research, reviews of current retail performance, economic impact reports, retail store networks optimisation and sales forecasting.</p>
<p>“The acquisition of Dimasi Strategic Research complements MapInfo’s strategy of deepening our presence in selected markets to continue long-term growth,” said Gavin Lennox, vice-president and general manager, MapInfo Asia Pacific. “By combining MapInfo’s location-based expertise, software and data with Dimasi Strategic Research’s deep understanding of the retail and commercial property markets, our customers are able to make better decisions about market and product potential, store location and customer demographics resulting in increased revenue and decreased costs.”</p>
<p>“As a well-established, retail and commercial property consulting firm with an impressive client base, Dimasi Strategic Research offers more than 40 years of individual industry-specific consulting expertise, underpinned by extensive proprietary databases of the commercial property and retail sectors in both Australia and New Zealand,” said Lennox.</p>
<p>“This acquisition will offer our customers enhanced services, increased breadth of technology, retail and property sector insight and access to international expertise, ensuring we deliver solutions that meet customer requirements,” said Tony Dimasi, managing director, Dimasi Strategic Research. “We look forward to joining MapInfo and continuing our vision of delivering value by meeting customer expectations and establishing long-term customer relationships.”</p>
<p>Dimasi Strategic Research will become a division of MapInfo Australia under the direction of Gavin Lennox, vice president and general manager, Asia-Pacific.</p>
<p>About Dimasi Strategic Research
Founded in 2002, Dimasi Strategic Research provides strategic analysis and advice for a wide range of clients in the retail, property, financial and government sectors such as Woolworths Ltd., Borders Books, AMP Capital Investors, Centro Properties, Stockland Group, Colonial Gandel, Lend Lease, GPT, Mirvac, Landcom, Westfield and Kiwi Income Property Trust.</p>
<p>About MapInfo
MapInfo is a global company and the leading provider of Location Intelligence solutions, integrating software, data and services to provide greater value from location-based information and drive more insightful decisions for businesses and government organizations around the world. MapInfo solutions are available in 20 languages through a network of strategic partners and distribution channels in 60 countries. Headquartered in Troy, NY, MapInfo is on the World Wide Web at www.mapinfo.com.</p>
<p>###
MapInfo and its products are registered trademarks of MapInfo Corporation.</p>
<p>Of Note
Statements in this press release regarding MapInfo’s future financial performance, including statements regarding future revenue and earnings per share, statements regarding the broadening of usage of MapInfo’s products in targeted vertical markets, statements regarding the impact of the Dimasi Strategic Research acquisition, and any other statements about management's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. MapInfo’s actual results could differ materially from those materially from those stated or implied in forward-looking statements due to a number of factors, including those factors contained in the Company’s quarterly report on the most recent Form 10-Q filed with the Securities and Exchange Commission under the heading “Factors Affecting Future Performance.” MapInfo takes no responsibility to update any forward-looking statements.</p>
<p>Contacts:</p>
<p>Debbie Sassine
Spectrum Communications
Tel: (612) 9954 3299 or 61 405 735 323
Email: debbies@spectrumcomms.com.au</p>

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