Intermap Technologies, a global leader in geospatial content development and intelligence solutions, announced two subscriptions to its European cloud-based risk solution. The demand for the Company’s Aquarius solution is increasing in the fast-growing insurance and real estate industries.
Intermap is pleased to expand its relationship with Generali Group by adding Romania to the existing Aquarius RMA (Aquarius) subscription. As a cloud-based flood risk solution, Aquarius enables consistent underwriting for an entire portfolio life cycle for any location. Romania represents Aquarius’ fourth CEE country, where Generali is ranked among the top three most trusted insurance brands. This new subscription enables Generali to grow its premium with customized and precise flood hazard maps and analytics.
The Company also reported that MyNEMO renewed its subscription to Intermap’s flood risk web services to support real estate transactions in the Czech Republic. In addition, MyNEMO is preparing to offer these services to other CEE countries.
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Intermap continues to expand its European software subscription services beyond the insurance market by adding new functionality to its comprehensive solution suite. The Company’s European software subscription revenue has increased by 2.5 times since introducing the cloud-based version of Aquarius in 2020 and continues to grow as these expanded solutions are delivered to new and existing clients. The addition of Romania increases the Aquarius subscription monthly recurring revenue by 10%.
“Our strategy of penetrating deeper into our largest accounts by helping them grow their business is working,” said Patrick A. Blott, Intermap Chairman and CEO. “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. From a standing start in 2019, our cloud-based subscriptions in CEE now account for 72% of CEE revenue, which in turn has grown 19% year over year to become 19% of Intermap’s total commercial revenue.”
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