MapsPeople: Extends important partnership with Ricoh Spaces
Earlier today, MapsPeople announced that the company has signed a renewed partnership agreement with Ricoh Spaces, a leading workplace experience platform. The new contract has an initial annual value of DKK 1.5m.
With the new contract, MapsPeople enables Ricoh Spaces to upgrade over 100 large enterprise customers to high-definition 3D maps and grow its customer base. This renewal highlights MapsPeople's potential with its partners and investments in 3D high-definition mapping technology.
Read the full announcement here: https://www.inderes.dk/releases/mapspeople-as-and-ricoh-spaces-take-our-partnership-to-the-next-level
MapsPeople's initial partnership with Ricoh Spaces was announced in July 2022.
Disclaimer: HC Andersen Capital receives payment from MapsPeople for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 16:11, 23 September 2024.
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MapsPeople
MapsPeople is a Software-as-a-Service (SaaS) company focusing on digital mapping for indoor navigation. The two primary revenue streams are 1) MapsIndoors which is MapsPeople’s own developed mapping solution for indoor navigation 2) Google Maps partnership with Google. MapsIndoors is the key segment with high double-digit growth rates, and the Google Maps segment is expected to be a more steady business going forward. MapsPeople has a global presence with offices in Denmark, Germany, Singapore and United States, and customers include some of the largest brands in the world. The company has been listed at Nasdaq First North Premier in Denmark since June 2021.
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