EFCG is pleased to announce that our client, The Sanborn Map Company, Inc. (Sanborn), a leader in the geospatial industry, has acquired the assets of VeriDaaS, a cutting-edge technology company specializing in Geiger mode lidar. This acquisition aligns with Sanborn's strategic vision to continue growth and provide the latest technology to customers. Sanborn will integrate VeriDaaS assets and innovative solutions into the Mapping Division, enhancing the company's ability to deliver comprehensive and advanced technological solutions and services to customers.
“The acquisition of the photon counting lidar technology along with value added product generation is a significant step forward for Sanborn. This groundbreaking technology developed from significant previous investments perfectly complements our commitment to innovation and excellence. We will accelerate our growth in Lidar products and analytics expanding our capabilities to better serve our clients and partners,” stated John Copple, CEO of Sanborn.
Read more on the transaction here.
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