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Trimble Acquires Penmap Software to Expand its Applications
SUNNYVALE, Calif., Feb. 15, 2013—Trimble (NASDAQ:TRMB) announced today that it has acquired a suite of software solutions from Penmap.com Ltd. of Bradford, United Kingdom. Penmap.com's solutions include both office and field data collection software specifically designed for the cadastral and surveying markets. The comprehensive software suite enables Trimble to further address local application requirements and customer needs by providing complete customized surveying software solutions for the cadastral market. Financial terms were not disclosed.
The software solutions include:
Penmap encore: a new solution specifically designed for PDAs and handheld GPS receivers running Windows® Mobile® operating system. The software�s revolutionary user-friendly interface takes advantage of virtually the entire display screen to maximize map real-estate and is designed for fingertip operation.
Penmap encoreT: a new premium data collection software specifically designed for tablet PCs running Windows 8, 7, Vista or XP operating system. Its innovative and intuitive user interface shows collected data on the map in real-time. This feature gives users peace of mind that they have collected data correctly before leaving the site.
Penmap Office: an intuitive office platform for Penmap encore software. The office software streamlines the land administration professional�s workflow—from project preparation and importing data to managing large raster and vector background maps collected in the field.
"Penmap.com has built a very close and successful relationship as a customer of Trimble for many years," said Erik Schütz, managing director for Penmap.com Ltd. "Since Penmap.com was founded, our vision has been to focus on the local requirements of the regional markets we serve and provide those customers with a fine-tuned and easy-to-use solution. The software is an ideal fit within the Trimble portfolio of solutions to address the cadastral market."
"The acquisition of Penmap.com's software suite of office and field solutions reinforces Trimble's continued commitment to the cadastral market, as well as our focus on providing customers with complete solutions that are customized for local market requirements," said Matt Delano, business area director for Trimble's Land Administration Solutions. "Penmap.com's strength lies in its ability to customize surveying software applications for regional markets, providing users the most intuitive work processes for optimal efficiency and productivity, making it a perfect fit for our customers."
About Penmap.com Ltd.
Since 1988 Penmap.com and its predecessors have become an industry standard for pen-based, graphical data collection. Penmap.com Ltd. creates software solutions that enable customers to check and finish the job right in the field. By combining Surveying, CAD, and GIS functionality together through a comprehensive portfolio of field and office data collection software, Penmap.com Ltd. provides customers the flexibility, efficiency and on the job productivity they deserve. By connecting to the most popular GNSS, total stations and laser rangefinders, Penmap.com's software solutions allow customers a seamless data exchange using any GIS or CAD package.
For more information, visit Penmap�s Web site at: www.penmap.com.
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.
Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995.These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to, Trimble's ability to integrate the acquired software solutions and provide complete, localized survey solutions for the cadastral markets. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
Media Contact: LeaAnn McNabb of Trimble: 408-481-7808