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  6. Nearmap Acquires itel

M&A Deal Summary

Nearmap Acquires itel

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2025-05-20
Target itel
Sector Information Technology
Buyer(s) Nearmap
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Latham & Watkins (Legal)

Target

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(S) 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 STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 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.

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