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LandVoyage Online Mapping Business Offered for Sale
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LOVELAND, CO – (January 31, 2006) –
LandNet Corp. announced today that it plans to sell its LandVoyage Internet mapping business and has hired an investment banking firm to manage the sale process. LandVoyage is a turnkey online mapping enterprise that competes in the same markets as Google Earth, Yahoo Maps, Microsoft Live Local, and Stewart Title’s GlobeXplorer.
LandVoyage offers significant advantages over its online competition in three areas: map content variety, functionality, and geographic search capabilities. The LandVoyage database of seven digital map layers and five satellite/aerial imagery data sets in an array of resolutions and scales is the most extensive U.S. database on the web. The site also boasts a proprietary suite of software that includes an Internet/intranet map server, advanced geospatial search engine, and e-commerce solution. In addition, there are online map drawing, searching and measuring tools for which an allowance of 49 patent claims has just been awarded and another 92 patent claims are pending.
Online mapping is one of the fastest growing applications on the World Wide Web. Internet map usage reportedly jumped by 33 percent last year, according to comScore, a leading Internet tracking services firm.
"The buyer of LandVoyage will immediately tap into this high-growth market and compete directly with the major players," said Craig Harrison, LandNet Corp. Founder and President.
Other industry executives agree that Internet mapping is a rapidly growing market. Quoted in the Wall Street Journal while discussing Microsoft's recent entry into online mapping arena, Bill Gates said, "There's going to be a lot of competition in the mapping area." (WSJ, May 24, 2005)
The LandVoyage sale process has been timed to coincide with the awarding of the allowance of patent claims, which occurred in December 2005 after a five-year review process, Harrison explained. Additionally, with the recent purchases of Keyhole (a LandVoyage competitor) by Google and AirPhotoUSA by Stewart Title, the time is right to sell LandVoyage to a larger organization with greater resources that can fully leverage the patent claims and proprietary technology to achieve market stature similar to Google Earth, Microsoft Live Local or Stewart Title’s GlobeXplorer.
Developed in 2000 as an online mapping solution for the real estate and engineering professions, LandVoyage has evolved into a fully functional, content-rich website serving all mapping applications. Subscribers include professionals from the engineering, real estate, agriculture, natural resource, oil and gas, recreation, government and GIS industries. LandVoyage is one of only a few online sites that can serve map data directly into end users’ desktop mapping or GIS applications.
The extensive LandVoyage digital data library covering the entire United States includes aerial photo data sets ranging in resolutions from one to three feet in color and black and white, depending on the area. Digital maps include USGS topographic maps at three scales, BLM Public Land Maps, soils maps, and aviation and nautical charts. The satellite imagery archive comprises shaded-relief, land use/land cover and regional images for the entire country.
The unparalleled LandVoyage functionality comes from the FetchSuite™ collection of proprietary software components. This technology enables the site to serve digital data to convert data files on the fly to a user-selected format, automatically order custom prints, save map work online for future use, and access map and imagery metadata. In addition, this suite includes patented online mapping tools that allow users to draw customized maps by entering metes and bounds legal descriptions, latitude/longitude coordinates or GPS data. All FetchSuite™ technology can easily be licensed with other online applications or websites.
LandNet Corp. has retained Sarowdin Partners, an investment banking firm based in Denver, to act as its exclusive financial advisor in the sale of LandVoyage. Interested parties should contact Chris Barnes, Managing Director, at 303-399-1307 or csb@sarowdinpartners.com to request a non-disclosure agreement and Descriptive Memorandum.
Visit www.LandVoyage.com for a free trial of site content and mapping capabilities.
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U.S. Patents: Land Software Tool Series:
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20060197763
Pending Applications: 12/844,523 | 12/844,553 | 12/844,581 | 12/844,600 |
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