HERE Technologies acquire indoor maps provider Micello

Here Technologies has announced that it has acquired California based Micello, a privately held software company that operates a platform for creating, editing and publishing indoor maps.

Ankit Agarwal, CEO of Micello, said, "This is an exciting opportunity for Micello and our team. HERE's investment in indoor maps will also significantly benefit our customers and Marketplace partners. We look forward to joining HERE, growing our Marketplace of partners and realizing our mission of mapping everything indoors."

Micello can confirm! We're thrilled to be joining HERE and doubling down on our vision of mapping everything indoors. More info https://t.co/AvmDt0UKkX @here https://t.co/axuO2XtJSn

— micello (@micello) January 24, 2018

"The acquisition of Micello is an important strategic investment for us to rapidly grow our ecosystem of partners and accelerate our growth in indoor mapping," said Leon van de Pas, Senior Vice President of the Internet of Things at HERE Technologies.

HERE said indoor maps of buildings such as corporate campuses, shopping malls, airports, museums, convention centers, hospitals, train stations and stadiums have become a key area of growth and a major differentiator for digital mapping providers.

The financial details of the acquisition were not disclosed by both the companies.