Battery Ventures-Backed AED-SICAD Announces Acquisition of GIS
Battery Ventures-Backed AED-SICAD Announces Acquisition of GIS Software Company Geocom
April 4, 2019 -- Munich, Germany -- AED-SICAD, Battery Ventures’ core portfolio company in the geographic-information systems (GIS) market, has completed the acquisition of Geocom Group, a provider of GIS technology for markets including utilities, transport and logistics.
Under its previous ownership by Esri Deutschland GmbH, Geocom—whose main offices are in Burgdorf, Switzerland and Kranzberg, Germany,—built a leading market position. Under the acquisition, all assets, people and customer contracts of Geocom AG in Switzerland and Geocom GmbH in Germany will be merged with AED, a fellow GIS company serving the utilities and public-sector markets.
Geocom was founded in 1995 and serves several hundred customers. It is regarded as a preferred partner for GIS in the cadaster, utility, industrial-plant management, transport and logistics markets. The fast and effective integration of Geocom applications within existing corporate processes contributes enormously to information and planning security and helps drive efficiencies in customers’ organizations. All Geocom solutions are based on the market leading ArcGIS platform from Esri and are therefore highly compatible with most customers’ current IT infrastructure.
“We are looking forward to cooperating closely with AED-SICAD on the next generation of solutions for our common market segments,” said Geocom CEO Tim Börner. “Together we will be even stronger to supply leading edge technology...