“Tech-enabled services, such as geospatial solutions, have grown as a percentage of NV5’s revenue as we focus on services with higher margins and more rapid scalability than traditional surveying services, and we are pleased to add GIS Solutions to the NV5 organization,” said Dickerson Wright, PE, Executive Chairman of NV5. “We will continue to identify and pursue opportunities in geospatial and other tech-enabled service categories to drive margin expansion and organic growth throughout NV5.”
GIS Solutions specializes in developing web-enabled GIS database applications from multiple modalities to track and monitor transportation resources and asset conditions for departments of transportation, a growing sector in the geospatial market. GIS Solutions also provides cloud-managed and systems design services to help organizations employ geospatial solutions. Applications may be utilized in cloud-based environments, networked desktop solutions, and mobile applications to meet the unique accessibility and security requirements of clients and their constituents.
“We are excited to join the NV5 team, and we look forward to the growth opportunities available to our valued employees as part of the nation’s largest geospatial data analytics firm,” said
About GIS Solutions
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About NV5
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.
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