Recent Updates — ITMSF
On November 2, 2026, Intermap Technologies appointed Terrence Michael Ryan as an independent director. Mr. Ryan brings extensive experience in geospatial intelligence and defense technology, having served as CEO of Constellis Corporation and held senior roles at SAIC and the U.S. Department of Defense. Concurrently, Philippe Frappier resigned from the Board and was appointed as a board observer and advisor. Intermap Technologies develops geospatial intelligence solutions for government and commercial clients.
Intermap Technologies appointed Terry Ryan, former CEO of Constellis and Tenax Aerospace, to its Board of Directors. Mr. Ryan brings decades of experience in geospatial intelligence and defense technology, having advised the CIA, Joint Chiefs of Staff, and DARPA on advanced solutions. To facilitate this appointment prior to the next annual meeting, Philippe Frappier agreed to step down as a director while remaining a board observer and advisor. Intermap operates in the geospatial intelligence sector, providing proprietary 3D data and AI-driven analytics for government and commercial customers.
Intermap Technologies Corporation completed its previously announced acquisition of all outstanding shares of PCI Geomatics Group Inc. on October 7, 2026. The transaction was implemented via a court-approved plan of arrangement under the Canada Business Corporations Act, making PCI a wholly-owned subsidiary. Intermap paid aggregate consideration of C$11 million in cash, subject to post-closing adjustments for transaction expenses and indemnity obligations held in escrow. June McAlarey, President and CEO of PCI, remains with the company as Executive Vice President of Intermap. This acquisition broadens Intermap's capabilities and customer reach across government, defense, and commercial markets. Intermap Technologies Corporation develops geospatial software solutions for mapping and analysis.
Intermap Technologies completed its acquisition of PCI Geomatics Group Inc., operating as CATALYST, on October 7, 2026. The company used $7.7 million in cash to acquire all outstanding shares not already owned through a court-approved arrangement following shareholder approval and regulatory orders. This transaction adds over 30,000 installed licenses across more than 150 countries, significantly expanding Intermap's global distribution and integrating PCI’s optical image processing capabilities with Intermap’s proprietary 3D data and AI/ML analytics. The deal is expected to double recurring revenue and supports a 2027 commercial revenue guidance of $12–$15 million with approximately $5 million in Adjusted EBITDA. Intermap Technologies operates as a global leader in geospatial intelligence powered by proprietary 3D data and AI/ML analytics.
Intermap Technologies Corporation announced that shareholders of PCI Geomatics Group Inc. approved the acquisition of remaining shares via a court-supervised arrangement under the Canada Business Corporations Act, with 99.99% approval from common and special share classes. The transaction is subject to final court order approval expected September 28, 2026, and completion is anticipated mid-October 2026. Intermap Technologies operates in the geospatial intelligence industry, providing proprietary 3D data and AI-driven analytics for government and commercial clients.
Intermap Technologies announced a three-year subscription agreement with Colonnade Insurance S.A., a subsidiary of Fairfax Financial Holdings, for its integrated flood risk and property valuation solution. The deal advances the company's recurring revenue strategy by enabling Colonnade to assess flood exposure and property values within a single workflow. The subscription begins in the Czech Republic, with planned expansion into Slovakia and Hungary in 2027 and broader adoption across Central and Eastern Europe by 2028. Intermap Technologies operates in the geospatial intelligence industry, providing proprietary 3D data and AI-driven analytics for risk management and decision-making.