- Intermap Technologies (IMP) expands its European relationships with Romania and Czech Republic with Aquarius RMA subscription
- It enables consistent underwriting for an entire portfolio life cycle for any location as a cloud-based flood risk solution
- Romania increases the monthly recurring revenue by 10 per cent
- MyNEMO renewed its subscription to the services in the Czech Republic
- MyNEMO is preparing to offer these services to other CEE countries
- Intermap Technologies (IMP) is down 5.085 per cent trading at $0.56 per share as of 1:58 p.m. EST
Intermap Technologies (IMP) expands its European relationships with Romania and the Czech Republic with Aquarius’ RMA subscription.
Aquarius’ demand is increasing in the insurance and real estate industries.
It enables consistent underwriting for an entire portfolio life cycle for any location as a cloud-based flood risk solution.
The addition of Romania with client Generali Group increases the Aquarius subscription monthly recurring revenue by 10 per cent.
Patrick A. Blott, Intermap Chairman and CEO, commented,
“From a standing start in 2019, our cloud-based subscriptions in CEE now account for 72 per cent of CEE revenue, which in turn has grown 19 per cent year over year to become 19 per cent of Intermap’s total commercial revenue.”
Romania represents Aquarius’ fourth CEE country, where Generali is ranked among the top three most trusted insurance brands.
The new subscription will allow Generali to grow its premium with customized flood hazard maps and analytics.
Intermap also reports that MyNEMO renewed its subscription to flood risk web services to support real estate transactions in the Czech Republic.
MyNEMO is preparing to offer these services to other CEE countries.
Intermap will continue to expand its European software subscription services beyond the insurance market by adding new functions to its solution suite.
The company’s European revenue has increased by 2.5 times since introducing the cloud-based version of Aquarius in 2020.
It continues to grow as the expanded solutions are delivered to new and existing clients.
“We’re enabling them to scale globally and save money by providing actionable GEOINT in a turnkey, easy-to-use software and enterprise data management solution,” said Blott.
Intermap Technologies Corporation (IMP) is down 5.085 per cent trading at $0.56 per share as of 1:58 p.m. EST.
