
iMapData Inc.
On March 12, 2004, ChoicePoint Inc. (“ChoicePoint”) announced the
acquisition of iMapData Inc., (“iMapData”) a privately-held information
and analytics company based in Tysons Corner, Virginia. iMapData provides
critical information to businesses and government agencies through
the collection, display and analysis of public, proprietary and other client
specific data. The iMapData platform takes infrastructure or industry
(such as the location of an electrical grid) and economic, business or
demographic data (such as population, income, age, race or crime data)
and displays these data points on maps of a given geographic area or market. These complex data inputs are processed and delivered via a Webbased
platform to the user's desktop in multicolor maps and reports that
provide an instant visual representation of the data. This mapping capability
permits clients to make better informed business and strategic
decisions.
ChoicePoint (NYSE:CPS) is a leading provider of identification and credential
verification services to business, government, non-profit organizations
and individuals. It operates in three groups: Insurance Services,
Business & Government Services and Marketing Services.
Watch Hill Partners advised iMapData on its acquisition by ChoicePoint.
ChoicePoint was approached on an exclusive basis given its focus on data
processing and security and prior indications of interest in iMapData. We
developed a strategy for iMapData to demonstrate its value proposition
to ChoicePoint in such a way as to maximize shareholder value in a
non-auction process. This acquisition was expected to expand
ChoicePoint's product offerings to existing government customers and
introduce iMapData's technology offerings into a broader business and
commercial marketplace.
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