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ipernica in $16m acquisition deal
22-July-08
Written by Rebecca Lawson

West Perth-based intellectual property company ipernica Ltd has entered into a $16 million agreement to acquire geospatial media company NearMap Pty Ltd, which has selected Perth for its initial prototype testing.

The legally binding agreement allows ipernica to acquire a 100 per cent equity interest in NearMap, which creates high resolution aerial photomaps with multiple view angles similar to that of Google Earth.

ipernica said the difference was that NearMap was able to update its images more frequently and allow users to see environment changes over time with the ability to move back and forward month by month.

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