Geospatial data service provider Intermap, facing cash crisis, puts itself up for sale

by Peter B. de Selding

PARIS — Geospatial imagery and services provider Intermap Technologies Corp., facing contract delays or terminations in Southeast Asia and an impatient creditor and principal shareholder, is putting itself up for a likely sale.

Based in Englewood, Colorado, with its equity traded on the Toronto Stock Exchange and most of its employees in Indonesia, Intermap has long been dependent on a few large government customers.

In 2017, 77% of its revenue came from two governments, and in 2016 a single customer accounted for 50% of the business.

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