We sat down with MapsPeople's CEO Morten Brøgger to discuss the company's recently announced acquisition of Point Consulting’s indoor mapping activities, including its customer contracts and associated technology. Alongside insights on the acquired assets and financial impact, Morten also discussed the details of the transaction value and terms, as well as how this acquisition fits into MapsPeople's M&A strategy.

This afternoon, MapsPeople announced the acquisition of Point Consulting’s indoor mapping activities, which implies that MapsPeople only acquires customer contracts and associated technology from the company. This acquisition is in line with MapsPeople’s new M&A strategy which was announced in connection with the successful capital raise, completed in September 2024.

MapsPeople expects to announce its Q3 2024 financial report on 13 November 2024. MapsPeople’s CEO Morten Brøgger and CFO Christian Læsø will present the financial results and the recent strategic development on the next day, 14 November 2024 at 10:00, in an online live event. The management presentation will be followed by a Q&A session.

Today, our SaaS newsletter for September has been sent out. Overall, September was less eventful across the SaaS sector, yet we can look back at the global/US SaaS sector’s Q2 earnings season before we move into the Q3 earnings season. Looking at the median ARR valuation multiple, this is now 6.1x by the end of September (6.2x by the end of August) for the global/US SaaS sector and 3.1x ARR by the end of September 2024 (3.2x ARR by the end of August) for the Danish SaaS sector.

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.

Today, MapsPeople announced a new debt facility with EIFO of up to DKK 14.9m over a period of up to 75 months. MapsPeople has also implemented a retention and incentive program, issuing a total of 220,000 warrants.

Yesterday, our SaaS newsletter covering news and Q2/H1 financial reports from August was sent out. Looking overall at the global SaaS sector, the growth outlook is still challenged. However, we have observed some relief for the Danish SaaS companies with optimism into H2 2024. Our full blog shows the ARR growth YoY and EBITDA developments for H1 2024 vs. H1 2023 across the Danish SaaS sector.  

Today, MapsPeople announced a fully subscribed rights issue, implying that the company raises gross proceeds of DKK 36.025m. With the fully subscribed rights issue, the company is expected to invest in growth activities, including M&A.

Following the Q2 2024 report, we had the pleasure of hosting an event with the management of MapsPeople. Joining us from MapsPeople were CEO Morten Brøgger and CFO Christian Læsø, who presented the Q2 2024 results and provided an update on the ongoing rights issue.

MapsPeople expects to announce its Q2 2024 results on 19 August 2024. MapsPeople’s management will present the financial results and the recent strategic development on 22 August 2024 at 14:30, in a virtual live event. The management presentation will be followed by a Q&A session.

Yesterday, MapsPeople announced its Q2 2024 report with 19% ARR growth YoY and improved EBITDA. We have updated our investment case one-pager with minor changes, including updated valuation multiples across selected Danish-listed SaaS companies.

This morning, MapsPeople reported its Q2 2024 report. Read more about the Q2 results and sign up for the management presentation and Q&A session on Thursday at 14:30.