Indoor Mapping: HERE Acquires Micello

Indoor Mapping: HERE Acquires Micello
HERE Technologies today announced that it has signed a definitive agreement to acquire Micello, a privately held software company based in California that operates a platform for creating, editing and publishing indoor maps.

Founded in 2007 by Ankit Agarwal, Micello's mission was to map everything indoors. Its platform enables venue owners and operators to create, edit and publish indoor maps.

Through Micello's Marketplace, technology companies are able to integrate Micello's indoor maps within a broad range of customer applications.

The Marketplace includes more than 75 industry solutions in multiple market categories such as Internet of Things, analytics, public safety, facility management software, enterprise applications, etc. Micello's customers include North American Fortune 500 companies and organizations across Europe, Asia and Australia.

Leon van de Pas, Senior Vice President, Internet of Things at HERE Technologies, said: "The acquisition of Micello is an important strategic investment for us to rapidly grow our ecosystem of partners and accelerate our growth in indoor mapping. I'm excited to welcome the global Micello team into the HERE family."

Ankit Agarwal, CEO at Micello, said: "This is an exciting opportunity for Micello and our team. HERE's investment in indoor maps will also significantly benefit our customers and Marketplace partners. We look forward to joining HERE, growing our Marketplace of partners and realizing our mission of mapping everything indoors."

Wednesday, January 24th 2018

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