Victoria’s Latitude Geographics has had an infusion of cash from an American investment firm.
Battery Ventures, a global, technology-focused investment firm has bought into Latitude, which offers web-based mapping software and related geographic information system capabilities. No financial details were released.
Latitude’s technology “was extremely attractive to us, as was the company’s growing and diverse set of customers,” said Battery partner Morad Elhafed. “Global GIS is a multibillion-dollar market that has demonstrated consistent growth across all verticals over the years. Given its deep alignment with leading GIS vendor Esri, Latitude is well-positioned to benefit from and help drive ongoing developments in GIS.”
Latitude’s Geocortex software helps customers maximize the potential of their investment in web-mapping technology made by Esri. Esri is considered the world leader in GIS with software considered the most powerful mapping and spatial data analytics technology available.
“We are extremely excited to partner with Battery, a firm with a long history of helping software firms like Latitude reach their potential,” said Steven Myhill-Jones, Latitude’s chief executive. “I think Battery’s interest in the mapping/GIS space through its investment in fellow-Esri partner AED-SICAD in Germany demonstrates the firm’s long-term strategic commitment to the GIS market. Battery’s resources and expertise will help us grow and expand Latitude even more internationally; we look forward to working with their team.”
Auto dealers honoured
Wheaton Chevrolet Buick GMC Cadillac and Campus Nissan have been named Green Star Award winners by the New Car Dealers Association of B.C.
Both dealerships were recognized with the Clean Energy Vehicle for B.C. award for their work promoting clean-energy vehicles and reducing greenhouse gas emissions.
Wheaton won for Top Plug-in Electric Hybrid sales for selling 20 electric vehicles, while Campus Nissan won for the second year in a row for Top Battery Electric Vehicle sales in the region, with 44 vehicles sold in 2016.
“Our team has worked hard on ensuring customers have clean-energy vehicle options, and that they are educated on utilizing the CEVforBC program for additional savings when purchasing their next vehicle,” said Dave Wheaton.
There were 11,000 electric vehicles sold in Canada in 2016, a 56 per cent increase from 2015.
On the move
Aharon Y. Ittah has joined Herald Street Law as an associate. Ittah brings several years of experience in the Victoria community as both a solicitor and a litigator. Herald Street Law, which has been in business since 2004, focuses on residential and commercial real estate as well as mortgage financing, wills and estate planning.
