Objective to acquire Isovist
Stock | Objective Corporation Ltd (OCL.ASX) |
---|---|
Release Time | 1 Jul 2025, 9:46 a.m. |
Price Sensitive | Yes |
Objective to acquire Isovist
- Objective Corporation (ASX:OCL) to acquire Isovist, a provider of GIS-based e-planning solutions for local governments
- Acquisition will supplement Objective's capabilities in the Planning and Building sector
- Isovist's e-planning products are used by over 50 councils in Australia and New Zealand
Objective Corporation (ASX:OCL) today announced it has signed a definitive agreement (subject to customary closing conditions) to acquire Isovist, a provider of powerful GIS based e-planning solutions for local governments across Australia and New Zealand. The acquisition will supplement Objective's capabilities in the Planning and Building sector and support its continued efforts to build stronger communities and nations through market-defining GovTech software. Isovist is a specialist provider of e-planning software for local government that transforms planning from a static document-based process to a dynamic digital solution. Developed by planners, for planners, its flagship product replaces manual plan preparation that is highly tailored and easy to use. The Isovist solution is based on a powerful plan viewer interface that directly links a site to the relevant elements of the local planning regulations. Isovist's e-planning products are used by over 50 councils in Australia and New Zealand. The solution is known for its intuitive user experience, rapid implementation, and alignment to local planning frameworks. Looking to the future for the Isovist platform, Objective will integrate its proven artificial intelligence (AI) capabilities to further transform the planning and development process.
The ARR of Isovist Limited at 30 June 2025 is NZ$2.2 million and has been profitable since 2022.
Objective will integrate its proven artificial intelligence (AI) capabilities to further transform the planning and development process for the Isovist platform.