Ipernica subsidiary Nearmap.com has announced its second significant property-related contract in less than a week, signing an agreement with real estate information services firm Hometrack.
Under the deal, Perth-based nearmap.com will provide photo mapping services for Hometrack, which will apply the maps to its Valuer products.
“We have already integrated photomaps into out Hometrack valuer product, which is being used daily by lenders and mortgage insurers,” Hometrack chief executive Brendan Darcy said.
“nearmap’s currency and resolution, combined with our unique data and analytics, helps clients make better decisions and reduce mortgage risk.”
Nearmap.com chief executive Simon Crowther said the deal continues the company’s push into the real estate sector.
Last week the company announced a contract with RP Data to provide photomapping services that the property market analysis group will include in its reports.
Nearmap is a wholly-owned subsidiary of ASX-listed intellectual property rights and technology group Ipernica.
Ipernica’s stock lost 1.7 per cent by close of trade today, to trade at 7.5 cents.