GlobeNewswire·Oct 7, 2026, 5:30 PM ET

Intermap Completes Acquisition of PCI Geomatics

Intermap Technologies completed its acquisition of PCI Geomatics Group Inc. (operating as CATALYST) on October 7, 2026, utilizing $7.7 million in cash.
The transaction expands Intermap's capabilities into optical image processing, distributed edge processing, & SAR processing while integrating 30,000+ existing commercial licenses across 150+ countries.
Intermap anticipates doubling its recurring revenue by bringing AI/ML-driven analytics closer to customers within their existing autonomous geospatial workflows.
The company introduced 2027 commercial revenue guidance of $12–$15 million, representing 100% growth, with contribution margins exceeding 50%.
Adjusted EBITDA for the year ending December 31, 2027, is projected to be approximately $5 million, excluding uncertain government procurement contracts.
PCI's cloud-native applications & relationships enable faster decision-ready intelligence by reducing latency & improving data quality, security, & sovereignty.
Intermap intends to expand access to its data & analytics through cloud-native applications, APIs, & Data-as-a-Service to connect image processing with AI/ML models.
An investor call with CEO Patrick Blott regarding the acquisition & combined outlook is scheduled for October 8, 2026, at 5:00 pm ET.