Enterprise, Trade and Investment Minister, Jonathan Bell has announced Coleraine based ICT company, Spatialest, has won new business in the US.
Spatialest specialises in the development and sale of geographic software solutions, especially for the Land, Property and Valuation sectors. The company has recently secured four US orders for its most recent product ‘Community’.
Jonathan Bell said: “Spatialest is an excellent example of a small company with big ambition and they have recently made headway in the US, securing new orders worth an estimated £50,000. Invest Northern Ireland has a long standing relationship with Spatialest and has previously provided a range of assistance including support for consultancy services and R&D support.
“Spatialest has significant export potential and I am sure this development will give it the confidence and capabilities to open up further export markets and continue to generate export sales.”
‘Community’ makes government data available to the public in an easy to access format. Invest NI has offered Spatialest £20,500 of marketing assistance under its Growth Accelerator Programme.
Ian Lamont Director of Business Development said: “Our core product ‘Spatialest’ has been available in the US market for some time and the support we have received from Invest NI is allowing us to exploit the current market opportunities for our new product, ‘Community’, in the States.
“We developed ‘Community’ from our experience in the banking and property sectors, and through market research we spotted a niche in the US market and identified that the applications and functionality of our product suits the Open Data and Smart Cities markets.
“With the support of Invest NI, we already have a number of contacts in the US showing considerable interest in what we offer and we have secured sales with some existing local government clients, in Nashville, Charlotte and Seattle. We wouldn’t have reached this milestone without the support and guidance we have received from Invest NI, and we hope to continue to generate further sales, in what is proving to be a hugely beneficial market for us.”
The company is also benefitting from a Research & Development grant of £90,000 towards new product development. Invest NI’s R&D support is part funded by ERDF under the EU Investment for Growth and Jobs Programme 2014-2020