Commenting on the results CEO, Marcus Hanke, said:
“1Spatial is entering an exciting period of growth, well-funded and with the structures in place to evolve and execute on our strategy. The year ending 31 January 2015 will see us continue to develop our product and service offerings and to develop new geographic and industry markets to harness that potential. It is the Board’s view that the company is well placed to capitalise on opportunities in the spatial big data and Smart Cities markets. We have a strong team in place and an exceptional product offering. The company has an impressive and growing customer base and a healthy pipeline of opportunities. The Board is encouraged by the progress made during the start of the current financial year and looks forward to the future with confidence.”
The successful integration and rebranding of Star-Apic, a leading European provider of Geographic Information Systems (GIS) software and solutions, is now almost complete following the new website launch (http://1spatial.com/
1Spatial sees growing international interest in the concept of Smart Cities; cities with digitally enabled and enhanced infrastructure and services. This is a field in which spatial data makes a critical contribution and 1Spatial’s offering has a clear resonance across geographies (both developed and emerging markets) and key sectors; central government, local government, national mapping agencies, utilities, telecommunications and transport. In addition, 1Spatial has identified opportunities around spatial big data in the defence sector, emergency services and land registry agencies.
Geographically, 1Spatial sees growth opportunities in the Middle-East, Africa (beyond French-speaking North Africa), the MINT countries (the fast-developing economies of Mexico, Indonesia, Nigeria and Turkey) and USA. Its newly extended product offering has brought new opportunities in North Africa and with global utilities companies.
The year ended 31 January 2014 has been one of building for future growth for 1Spatial. Adjusted profits were in line with expectations, showing good growth and improvements have been made in the overall result for the year. With the ground prepared, the focus on growth will continue throughout 2014.
To find out more, visit www.1spatial.com