Pointerra a step closer to being a global 'triple-threat'.

Pointerra(ASX:3DP), an InsideMarket holding, has announced a deal that takes it a step closer to becoming the 'triple-threat' billion dollar business we discussed in our January blog.

Pointerra and Total Earth Solutions (TES), a 3D LIDAR capture company (Light and radar captured together to create 3D images) will scan the entire Local Government Area of Perth and make it available to subscriber customers via an open, online marketplace.

This is only possible because of Pointerra's unique Software as a Service technology.

Think of the 3D library a bit like the photo and stock footage library of advertising and marketing giant Getty Images.

But this library will build up to be a resource for the asset management and the planning industry in Australia, the United States and Asia. Today's announcement falls into the 'small step giant leap' category.

Read the ASX announcement here and our January blog here.

Insidemarket does not offer any financial or investment advice. investing in technology stocks can be extremely risky. you should seek the advice of a registered financial adviser before investing.

  • LinkedIn Social Icon
  • Twitter Social Icon

Through our InsideMarket Tech Fund we may have holdings in companies we report on. However, we do not receive any payment for coverage on insidemarket.net