Novasys acquires Tridoo (OnYourMap)

Novasys and Tridoo announce the acquisition of Tridoo (an innovative software company specializing in geocentric applications and services) by Novasys. The aim of both companies is to strengthen their common commercial offerings aiming at different location-centric markets.

Novasys SA, a Swiss company providing geocentric information services for Internet and mobile usage, announces the acquisition of Tridoo SAS, better known as onYourmap, a software company based in Paris, France. Tridoo is leading its market as provider of solutions to online Local Search. It is best known for its technological know-how, performance and innovation. Its solutions allow end users to access seamlessly location based hyper-local information on websites and mobile phones. This acquisition strengthens both companies significantly as suppliers of online geocentric services - SaaS (Software as a Service or Cloud computing) - and shall allow them to rapidly:

provide their clients in the field of Geolocalisation and Tracking, Local Search, Yellow Pages and Directory Assistance, with respective reinforced offers including high performing mapping, searching, hyper-local content and mobile services;

create a combined technological platform with expanded functionalities such as multidimensional search, people and vehicle tracking, cartographic rendering and improved display performance;

expand internationally by combining their commercial teams and foot prints.

The teams shall operate together and the technical solutions as well as the respective clients' portfolios are complementary. Synergies between the companies will provide the Novasys group with the means to avail itself of growth opportunities linked to the rapid development of its markets. Also, the revenue of the Novasys group, as well as its profitability in the short and mid term, shall be strengthened.

Christian Hugonnet, CEO of Novasys states: "Joining forces with Tridoo corresponds to a natural evolution in our strategy to broaden the scale of our services. This acquisition underlines our wish to provide innovation to our customers, allowing them in turn to offer their final clients enhanced usability,cartographic performance, speed and local contextual search - thereby accessing new opportunities of revenue while at the same time differentiating on the market place." Thierry Dumort, CEO of Tridoo underlines: "We are happy to join the Novasys team and be able to contribute reinforcing the strength of our platforms and providing even more attractive services and benefits to our customers thanks to synergies operating between our know-how and our respective technologies."

About Novasys
Novasys is an established player in the field of geocentric applications. The company offers Internet and mobile products and solutions in the areas of location based services, geolocalisation and mapping. The company counts amongst its clients, large Swiss and European accounts such as Telecom operators, Internet portals, assistance organisations and fleet management companies. The company is headquartered In Switzerland in the Lausanne area with presence in Bern, Zurich and Paris.

About Tridoo - onYourmap
Created in June 2006, by experts in SaaS mode mapping and mobile services, Tridoo - known as onYourmap - is, today, one of the innovative providers of mapping and geocentric services to Yellow Pages and online Directories in Europe. The company has been successful in securing numerous first tier customers, notably in England, France, the United States of America and South Africa, thanks to the performance and unique characteristics of its cartographic and search engines. The company is based in Paris.

Information :
Christian Hugonnet, CEO Novasys, Tel : +41 21 651 30 30
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Thierry Dumort, CEO Tridoo, Tel : +33 9 5087 0500
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