Veris Ltd - Growing Geospatial Services Opportunity
Veris Ltd (ASX:VRS)

Growing Geospatial Services Opportunity

Published Oct 02, 2019

What happened?

Veris Australia Geospatial Capability:

The Veris team is able to distill complex surveying inputs such as combining spatial data, imagery and existing design datasets to digitise the real world as a 3D representation. This enables clients to make informed decisions for projects or the management of an asset.

Total Geospatial Revenues Increasing:

Geospatial services are rapidly approaching 20% of Veris’ revenue on the back of a focus on organic growth and strong industry tailwinds, driven by technology adoption and the realisation of business benefits by customers.

BIM Workflows:

With BIM workflows being mandated for works in Queensland worth >$50m, Veris is well positioned to capitalise on potential further regulatory requirements mandating BIM in other Australian states including NSW and VIC.

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