MapInfo Acquires Thompson Associates

By Joe Francica

MapInfo reported today that it had acquired Thomopson Associates for "approximately $13 million in cash, subject to a working capital adjustment, plus contingent consideration not to exceed $6 million" according to the press release.Long known as one of the top providers of retail site selection consulting, Thompson will augment MapInfo's newly established aCRM division.The acquisition will also include the AnySite Software Division in which Thompson had invested in 2000.See the details about that acquisition here. In annoucing the acquisition, Mark Cattini said, "Building MapInfo's analytical customer relationship business is a key component of our strategy for long-term growth.By acquiring Thompson Associates we will achieve critical mass in location-based analytical services in the United States and add extensive domain expertise in location analysis for the retail sector."

Directions Magazine will have more on this story in the Wednesday Digest Newsletter.

Published Sunday, January 5th, 2003

Written by Joe Francica

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