Further, back in March this year Pointerra employed Russell Rogers as their Principal Software Engineer, after he had spent 8 years with Nearmap. That is a senior, experienced employee for Nearmap to 'transfer' across to Pointerra and in my mind supports an aim of strategic integration.
From the half yearly report announcement on 28th February:
"The engineering and technical development team is being expanded with the addition of a key resource. From the 1st of March, Russell Rogers will join Pointerra as a senior software engineer following an 8-year role with NearMap. Russell will leverage his considerable experience in architecting large-scale AWS geospatial application deployment at a time where North American based customers are expected to drive step-changes in Pointerra’s 3D data hosting operations".
I would suggest that if anyone feels they have missed out on the value growth of Nearmap then they should have a good look at Pointerra (3DP) at this time. I think the association will only strengthen and 3DP is set to gain a lot from it.
NEA Price at posting:
$1.79 Sentiment: Buy Disclosure: Held