Wednesday, January 4, 2017

Announcement: BioBase Under New Ownership


In late 2016 Navico - the parent company of BioBase - was acquired by Goldman Sachs Merchant Banking Division and Altor Fund IV.  Also in 2016, Goldman Sachs and Altor acquired an industry leading marine cartography and services company called Digital Marine Solutions (DMS), which promotes their products and services under the C-MAP brand (www.c-map.com).  As of January 2017, BioBase and related digital services will be transferring from Navico to DMS (operating under the C-MAP brand).  We are working now on a new organizational structure and product roadmap that will establish DMS as the preeminent marine charting and cloud data services provider across both recreation and commercial sectors.   "...alongside the C-MAP brand we will now have a cloud-based infrastructure and range of web and mobile applications for recreational markets, such as Insight Genesis and BioBase which provide differentiated and high-quality crowd-sourced mapping services that lead the competition," stated Paul Ostergaard, Digital Marine Solutions Chairman. BioBase customers can expect the same high-level of service and minimum disruption with this change. Over the long run, the move to DMS and strategic company investments will bring new high-value features to BioBase and establish it as the aquatic and marine industry standard for processing, visualizing, and analyzing spatial data.  BioBase feature development and technical sales and support will still operate out of the same Minneapolis office where it was born and we anticipate an even faster development cycle in the coming years.  We hope to announce some great features that are already in the pipeline under this new structure and resulting roadmap.  Please direct any questions about this transition to Ray Valley (ray.valley@c-map.com) or Matt Johnson (matt.johnson@c-map.com).

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