Intermap Acquires PCI Geomatics to Bring AI Analytics Into Imagery Workflows

Intermap Technologies now owns the image-processing software business it wants to use to bring AI analytics closer to customers’ work. On October 7, 2026, it completed its acquisition of PCI Geomatics, which operates as CATALYST, using $7.7 million in cash to buy the shares it did not already own.

Connecting imagery software to 3D data

PCI develops software for processing satellite and aerial imagery. Intermap brings proprietary three-dimensional geographic data and AI and machine-learning analytics. The intended connection is between preparing images and extracting information customers can use, rather than simply adding another source of imagery.

A central part of that plan is distributed edge processing: moving processing closer to where customers use the data. Intermap says PCI’s software extends its capabilities into optical image processing and provides a way to bring its analytics into thousands of existing workflows.

Intermap intends to expand access through cloud-based applications, software interfaces and data services. CEO Patrick Blott says the company wants to deliver its data through software and agreements customers already have, without disrupting their workflows. That describes the integration goal, not a completed rollout of every combined capability.

More than 30,000Installed licenses

Intermap says PCI’s installed software base spans more than 150 countries, broadening the combined company’s global distribution.

An existing business, with growth still projected

The acquisition broadens Intermap’s customer reach across government, defense and commercial markets. It also gives the company relationships across the commercial space industry. Intermap expects the purchase to double its recurring revenue, a forecast tied to the combined business rather than a reported post-acquisition result.

The transaction followed PCI shareholder approval on September 25 and an Ontario court’s final order on September 28. Intermap acquired the remaining shares through an arrangement under Canadian corporate law. The $7.7 million cash figure is the amount used to complete this transaction; all dollar figures here are in U.S. dollars.

A commercial forecast without government awards

• For 2027, Intermap forecasts commercial revenue of $12 million to $15 million.
• It expects approximately $5 million in adjusted EBITDA, an earnings measure that excludes financing costs, taxes, depreciation, amortization and certain other items.

That outlook assumes no contribution from government procurements, including Indonesia, because their timing is uncertain. Intermap says those programs will stay outside revenue guidance this year and next until contracts are awarded. Its adjusted EBITDA measure is not standardized under international accounting rules, which limits comparisons with other companies.