MapInfo Corporation

This article is about the software company. For its main product, see MapInfo Professional.
MapInfo Corp
Public
Industry Software
Geographic Information Systems
Founded 1986
Headquarters North Greenbush, New York, United States
Key people
 Mark Catini, President (2007)
Products MapInfo Professional
Spectrum
Envinsa
MapXtreme Java
MapXtreme 2005
Confirm
Revenue Increase$165.5 million USD (2006)
Number of employees
 940 (2007)
Parent Pitney Bowes
Website www.mapinfo.com

Coordinates: 42°40′58.5″N 73°42′10.5″W / 42.682917°N 73.702917°W / 42.682917; -73.702917

MapInfo building at One Global View in the Rensselaer Technology Park, circa 1993.

MapInfo Corporation, initially incorporated as Navigational Technologies Incorporated, developed location intelligence software. The company,[1][2] was headquartered in North Greenbush, New York. It was acquired on April 19, 2007 by Pitney Bowes, and on January 28, 2009, the name of the division it had become was changed to Pitney Bowes Business Insight. From inception, MapInfo had grown quickly, appearing at number 23 in Inc. Magazine's annual list of the 500 fastest-growing private companies in the U.S. in 1992,[3] and holding an initial public offering (IPO) in 1994. Its products included a desk-top mapping application, various map and demographic data products, and some web-based applications. It acquired several other companies in order to market their software, data, or services directly.

History

MapInfo was founded in 1986 by Laszlo Bardos, Andrew Dressel, John Haller, and Sean O’Sullivan. The four were students at nearby Rensselaer Polytechnic Institute who wanted to develop an inexpensive mapping tool for the PC. They got a contract to develop bus routes for a local school district, and used the money to develop their first product. They contacted Michael Marvin early in the company's history for advice on how to form the company. Marvin helped to set up the business and used his community contacts to raise seed capital.[4][5] The company originated as a Rensselaer Polytechnic Institute (RPI) incubator project.[6] The first intended product was for in-car navigation, but this was abandoned when inertial navigation proved impractical.

Early competition for MapInfo software came from Strategic Mapping, which had been founded by Steve Poizner around the same time. Later, Strategic Mapping was sold to Claritas Worldwide in May 1996. Its other competitor was ESRI, which primarily sold expensive GIS software for engineering workstations.[7]

MapInfo appeared at number 23 in Inc. Magazine's Inc. 500 in 1992.

MapInfo held an initial public offering (IPO) on February 1, 1994. In the years prior to the IPO, Marvin served as Chairman of the Board, hiring the CEO and making sure he was comfortable with how the company was being managed. Marvin insisted that the company be run on a cash flow break-even basis, but did raise a rainy-day fund of $2 million from Greylock Partners in 1989.

MapInfo hired Brian D. Owen to be the CEO in 1991, who brought in Matthew Szulik as VP of Sales and Doug Finlay as CFO. Robertson Stephens was the lead investment bank that managed the IPO. [8]

On April 19, 2007 Pitney Bowes entered into a merger agreement to acquire MapInfo Corporation for approximately $408 million in cash. Following the acquisition, MapInfo changed its name to Pitney Bowes MapInfo Corporation.[9][10]

On December 18, 2007 Pitney Bowes also acquired Encom Technology whose products include Encom Discover and Encom Engage which are the major plugins for MapInfo Professional. [11]

As of January 28, 2009, MapInfo and Group 1 Software were operating as one division called Pitney Bowes Business Insight.[12]

Product history

MapInfo developed the first desktop GIS in 1986 . Originally, the intention was to create an easy-to-use software package that did not require exceedingly large amounts of computing power.

MapInfo provided the first tools to Microsoft that allowed them to include mapping functionality in their products, specifically the mapping add-on branded as Microsoft Map for Microsoft Excel as part of MS Office 95.[13] The add-on was subsequently included in Microsoft Office 97, and Microsoft Office 2000. This provided the inspiration for the Microsoft MapPoint program, which became a separate product from Microsoft, and since then Microsoft Map was dropped.

MapInfo developed a spatial datablade for Informix[14] and collaborated with Oracle Corporation to develop the original spatial cartridge for the Oracle 8i database.

In 2000, MapInfo partnered with Lucent to "develop location-based services for mobile communications devices."[15]

Acquisition history

See also

References

  1. ↑ "Maps and Microsoft". New York Times. November 7, 1994. Retrieved 2011-09-04. Mapinfo, of Troy, N.Y., and Strategic Mapping Inc. of Santa Clara, Calif., are the leaders in the desktop-mapping market.
  2. ↑ Lewis, Peter H. (May 28, 1989). "THE EXECUTIVE COMPUTER; When Maps Are Tied to Data Bases". New York Times. Retrieved 2011-09-04. the other leading companies that produce mapping software for mid-range computers are the MapInfo Corporation of Troy, N.Y.
  3. ↑ "Inc 500 Ranking #23: MapInfo". Inc Magazine. 1992. Retrieved 2011-09-04. Statistics: 4-year growth:6671%, 1991 Revenue:$7 million, 1987 Revenue:$104,000, Employees:80, Founded:1986
  4. ↑ MapInfo Company Profile
  5. ↑ "Rensselaer Alumni Magazine". 2004. Retrieved 2007-03-15.
  6. ↑ "Rensselaer Entrepreneurship". 2004. Archived from the original on 2007-05-10. Retrieved 2007-03-15.
  7. ↑ "GIS Development". 2002. Retrieved 2007-03-15.
  8. ↑ "Greylock Partners Portfolio Software". 2006. Retrieved 2006-12-24.
  9. ↑ "IT News.com.au". Retrieved 2007-03-15.
  10. ↑ "Pitney Bowes Completes Acquisition of MapInfo, press release". Retrieved 2007-04-24.
  11. ↑ "Pitney Bowes Acquires Encom, press release" (PDF). Retrieved 2007-12-20.
  12. ↑ D'Errico, Richard A. (2009-01-28). "The Business Review: Pitney Bowes MapInfo gets new name". Retrieved 2009-01-28.
  13. ↑ "Maps and Microsoft". New York Times. November 7, 1994. Retrieved 2011-09-04. The Microsoft Corporation has acquired the right to incorporate geographic-analysis tools developed by the Mapinfo Corporation into Microsoft's Excel spreadsheet program, the companies said in a statement released over the weekend.
  14. ↑ Lawrence M. Fisher (December 2, 1996). "Informix's new product is trying to seize market share from its major data base software rival.". New York Times. Retrieved 2011-09-04. The Mapinfo Corporation, a leader in business mapping software, will provide an address datablade module.
  15. ↑ Simon Romero (September 25, 2000). "Lucent and MapInfo to Sell Location-Based Web Services". New York Times. Retrieved 2011-09-04. Responding to a growing sector of the wireless Internet industry, Lucent Technologies and the MapInfo Corporation are expected to announce today that they will jointly develop location-based services for mobile communications devices.
  16. ↑ "The Business Review, Pitney Bowes Mapinfo acquires Australian co.". 2007-12-17. Retrieved 2008-02-08.
  17. ↑ "Reuters, MapInfo acquires Graphical Data Capture". 2007-02-20. Retrieved 2008-02-08.
  18. ↑ "bnet, MapInfo Acquires MarkeTech Systems, Inc.; Acquisition Augments MapInfo's Position in the Financial Services Vertical Market". Business Wire. 2005-06-02. Retrieved 2008-02-08.
  19. ↑ "Directions Magazine, MapInfo Acquires Thompson Associates, By Joe Francica". Retrieved 2008-02-08.
  20. ↑ "The Free Library, MapInfo Acquires Canada's Leading Source for Integrated Micro-Marketing Data and Analysis.". Retrieved 2008-02-08.
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