HCAP Partners Announces Exit of Portfolio Company Resolve Systems

San Diego, CA (PRWEB) May 25, 2017

HCAP Partners, a California-based mezzanine debt and private equity firm, announced today the sale of Resolve Systems (Resolve), a leading provider of incident response and resolution software, to Insight Venture Partners. Terms of the transaction were not disclosed. Tim Bubnack, Managing Partner, and Nicolas Lopez, Principal, managed HCAP Partners’ investment with Resolve and were active with the Company as a board director and board observer, respectively.

Resolve Systems was founded in 2000 as primarily an IT services provider and value added reseller of IT operations and network management software. In December 2013, HCAP Partners provided the company with a mezzanine loan to accelerate the development and commercialization of the Company’s emerging IT process automation (ITPA) software platform called Resolve. HCAP later invested growth equity with Solis Capital Partners (Solis), the company’s lead investor. Since then, Resolve evolved significantly from its ITPA origins into a leading incident response and resolution software platform supporting the network, IT and security operations environments of leading Fortune 1000 enterprises throughout the world.

“HCAP’s support and advice were valuable to Resolve Systems and its employees,” stated Martin Savitt, CEO of Resolve Systems. “Their patience and ability to understand the software market enabled us to further accelerate our already very successful product, and allowed us to focus our strengths on such areas as international expansion and security.”

Tim Bubnack, Managing Partner, commented, “We were pleased to invest with Solis and work with Martin and his team to support the successful launch and deployment of Resolve. The company is positioned well for growth and we look forward to their continued success.”

Solis Capital Partners is a private equity firm specializing in the lower middle-market. Headquartered in Newport Beach, CA, and with offices in San Diego, CA, Solis focuses on companies with revenues of $15 million to $100 million, typically in the service, niche manufacturing, and software sectors.

Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., acted as the exclusive financial advisor to Resolve Systems in connection with this transaction.

About HCAP Partners

HCAP Partners was founded in 2000 and is a provider of mezzanine debt and private equity for underserved, lower-middle market companies throughout California and the Western United States. The firm seeks to invest $2 million to $9 million in established businesses generating between $10 million and $75 million in revenues in the healthcare, software, services, and manufacturing industries. HCAP Partners has invested in over 50 companies since it was founded and through ongoing, active engagement with portfolio companies the team at HCAP Partners provides value-added resources to help optimize performance and increase enterprise value. The firm has been recognized as an ImpactAssets 50 fund four years running and, through its Gainful Jobs Approach, works to facilitate a positive impact on underserved businesses, their employees, and their communities through active portfolio engagement. Partners Tim Bubnack, Morgan Miller, Frank Mora, Hope Mago, and Nicolas Lopez lead HCAP Partners’ investment team. For more information, please visit http://www.hcapllc.com.

Read the full story at http://www.prweb.com/releases/2017/05/prweb14370275.htm

Intermap Technologies Reports Acquisition Services Task Order

Intermap Technologies Reports Acquisition Services Task Order

PR Newswire

DENVER, May 25, 2017 /PRNewswire/ – (TSX: IMP) (ITMSF:BB) Intermap Technologies Corporation (“Intermap” or the “Company”) announced the Company was awarded a $3.1 million task order for airborne radar mapping services.

Intermap is using its proprietary airborne sensor technology to collect orthorectified radar imagery and high resolution elevation data to enhance the customer’s existing geospatial map database. This new dataset will be used for improved disaster planning, resource management, security interests, and infrastructure planning. This foundation data may be used to support: photogrammetric mapping; aero triangulation; orthophotography; thematic mapping; geographic information systems development; surveying and control acquisition; image manipulation, analysis, and interpretation; map digitizing; data manipulations; ancillary data acquisition; metadata production and revision; and the production or revision of geospatial products.

The project will commence in June 2017.

“This award reinforces Intermap’s leadership in wide-area data acquisition solutions,” commented Patrick Blott, Chairman and Chief Executive Officer. “Our customers return to Intermap for their largest geospatial projects. In addition to our world class sensor technology, we deliver high quality data on time and more cost effectively than alternatives.”

About Intermap Technologies

Headquartered in Denver, Colorado, Intermap (www.intermap.com) is an industry leader in geospatial intelligence solutions. These geospatial solutions can be used in a wide range of applications including, but not limited to, location-based information, risk assessment, geographic information systems, engineering, utilities, global positioning systems maps, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. Intermap has three core sources of revenue: data acquisition and collection, value-added data products and services and commercial applications and solutions, and software solutions and services. The Company is a world leader in data fusion, analytics, and orthorectification, and has decades of experience aggregating data derived from a number of different sensor technologies and data sources. For more information please visit www.intermap.com.

Intermap Reader Advisory

Certain information provided in this news release constitutes forward-looking statements. The words “anticipate”, “expect”, “project”, “estimate”, “forecast” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. You can find a discussion of such risks and uncertainties in our Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law. 

SOURCE Intermap Technologies Corporation

Intermap Technologies Reports Acquisition Services Task Order

Intermap Technologies Reports Acquisition Services Task Order

Canada NewsWire

DENVER, May 25, 2017 /CNW/ – (TSX: IMP) (ITMSF:BB) Intermap Technologies Corporation (“Intermap” or the “Company”) announced the Company was awarded a $3.1 million task order for airborne radar mapping services.

Intermap is using its proprietary airborne sensor technology to collect orthorectified radar imagery and high resolution elevation data to enhance the customer’s existing geospatial map database. This new dataset will be used for improved disaster planning, resource management, security interests, and infrastructure planning. This foundation data may be used to support: photogrammetric mapping; aero triangulation; orthophotography; thematic mapping; geographic information systems development; surveying and control acquisition; image manipulation, analysis, and interpretation; map digitizing; data manipulations; ancillary data acquisition; metadata production and revision; and the production or revision of geospatial products.

The project will commence in June 2017.

“This award reinforces Intermap’s leadership in wide-area data acquisition solutions,” commented Patrick Blott, Chairman and Chief Executive Officer. “Our customers return to Intermap for their largest geospatial projects. In addition to our world class sensor technology, we deliver high quality data on time and more cost effectively than alternatives.”

About Intermap Technologies

Headquartered in Denver, Colorado, Intermap (www.intermap.com) is an industry leader in geospatial intelligence solutions. These geospatial solutions can be used in a wide range of applications including, but not limited to, location-based information, risk assessment, geographic information systems, engineering, utilities, global positioning systems maps, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. Intermap has three core sources of revenue: data acquisition and collection, value-added data products and services and commercial applications and solutions, and software solutions and services. The Company is a world leader in data fusion, analytics, and orthorectification, and has decades of experience aggregating data derived from a number of different sensor technologies and data sources. For more information please visit www.intermap.com.

Intermap Reader Advisory

Certain information provided in this news release constitutes forward-looking statements. The words “anticipate”, “expect”, “project”, “estimate”, “forecast” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. You can find a discussion of such risks and uncertainties in our Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law. 

SOURCE Intermap Technologies Corporation

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