Add-on Acquisition • Information Technology

Nearmap Acquires itel

On May 20, 2025, Nearmap acquired information technology company itel

Acquisition Context

This is Nearmap’s 1st transaction in the Information Technology sector.
This is Nearmap’s 2nd transaction in the United States.
This is Nearmap’s 1st transaction in Florida.

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M&A Deal Summary
Date	May 20, 2025
Target	itel
Sector	Information Technology
Buyer(s)	Nearmap
Deal Type	Add-on Acquisition
Advisor(s)	Raymond James - Investment Banking (Financial) Latham & Watkins (Legal)

Target Company

itel

Jacksonville, Florida, United States

itel is a data and technology company that is a source for certainty in the property insurance claims process. itel serves as an independent intermediary to insurers, adjusters, contractors and homeowners, providing objective data and expert analysis that optimize the claims process. itel is based in Jacksonville, Florida.

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Buyer Overview 1

Buyer

Nearmap

Barangaroo, Australia

Category	Company
Founded	2007
Sector	Information Technology

DESCRIPTION

Nearmap provides easy, instant access to high resolution aerial imagery, city-scale 3D content, AI data sets, and geospatial tools. Nearmap was founded in 2007 and is based in Barangaroo, Australia.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Information Technology	1 of 1
Type: Add-on Acquisition	2 of 2
State: Florida	1 of 1
Country: United States	2 of 2
Year: 2025	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2023-12-05	Betterview San Francisco, California, United States Betterview is the property intelligence and risk management platform that depends on identifying and mitigating property risk, improving underwriting and inspection efficiency, and building transparent customer experience. Betterview is based in San Francisco, California.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2023-12-05

Betterview

San Francisco, California, United States

Betterview is the property intelligence and risk management platform that depends on identifying and mitigating property risk, improving underwriting and inspection efficiency, and building transparent customer experience. Betterview is based in San Francisco, California.

Buy

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