IDOX PLC Acquisition
09 August 2021 - 4:00PM
RNS Non-Regulatory
TIDMIDOX
IDOX PLC
09 August 2021
09 August 2021
Idox plc
('Idox' or the 'Group' or the 'Company')
Acquisition
Idox acquires thinkWhere , a UK based GIS Specialist
ldox plc (AIM: IDOX), a leading supplier of specialist
information management software and solutions to the public and
asset-intensive sectors, is pleased to announce the acquisition of
thinkWhere Limited ("thinkWhere"), a UK based geospatial
information services (GIS) technology business.
Based in Stirling, thinkWhere provides end to end GIS systems
using open source, cloud-based products and applications, providing
unique access to a wealth of open datasets supported by
professional consulting services. It has established a growing
customer base in the public and commercial sectors in the UK, with
notable clients such as Tilhill Forestry, Eurogeographics, Scottish
Government and Buccleuch Estates.
Geospatial information systems provide a framework for
gathering, managing and analysing data about the physical world,
allowing customers to visualise spatial data to analyse
relationships and interactions. This is of particular importance to
public sector organisations requiring GIS information to assist
with built environment decision making and policy.
Having previously been equally owned by Falkirk and Stirling
Councils, the acquisition will provide thinkWhere and its staff
with the investment and resources to scale and accelerate as part
of Idox.
As Idox continues to build on its public sector software focused
growth strategy, having acquired Aligned Assets in June, this
latest move will help build capability and new opportunities for
both our customers and products. The acquisition consideration and
the initial impact on the Group's earnings is not material.
David Meaden, CEO of Idox commented:
"This exciting acquisition strengthens our GIS, mapping and data
capabilities. Building on our recent acquisition of Aligned Assets,
thinkWhere will create more opportunities to provide customers with
smarter data and better integration to simplify and improve their
operations."
-Ends-
Enquiries :
Idox plc
+44 (0) 870 333 7101
Chris Stone, Non-Executive Chairman
David Meaden, Chief Executive
Rob Grubb, Chief Financial Officer
MHP Communications + 44 (0) 203 128 8170
Reg Hoare / James Bavister / Amy O'Sullivan idox@mhpc.com
About Idox plc
For more information see www.idoxplc.com @Idoxgroup
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