GeoConcept turns a new page

With revenues of €8 million recorded at the end of the last financial year in May, GeoConcept is in good health, and benefiting from a growth rate of 23% in its turnover (invoiced) in relation to the previous financial year.

In view of this growth, and in order to anticipate its next recruitment phases, GeoConcept has just taken up residence in new premises at Bagneux, with 1,100 square meters of office space. Spread over three levels, this provides ample space for all teams and offers our R&D engineers a workspace that is more ergonomic, more modern and above all, bigger. These new optimized working conditions ensure that GeoConcept has a much greater capacity, and can develop all its technologies more rapidly.

Taking advantage of this move, GeoConcept has given a facelift to its corporate identity, and its new logo presents a smoother, more homogeneous feel. This change reflects GeoConcept’s dynamism, while allowing the company to maintain a certain coherence between its position in the marketplace, which has of course evolved over the last 10 years, and its current image.

GeoConcept opens up to Asia

With more than a third of its staff working abroad, and in order to sustain its development in Asia, GeoConcept has also just opened two new subsidiaries, in Japan and China.

The Japanese GIS market is considered as being quite mature, and on the point of evolving towards innovative applications linked to GIS. This is borne out by the 12% growth rate in the Japanese market this year (compared with just 3% in France) and the recent voting in of a law in Tokyo that should facilitate the development of new administrative, sales, assistance or security services.

It is against this background – in a Japanese market that is nearly four times bigger than the equivalent market in France – that GeoConcept is announcing the creation of its own subsidiary in Tokyo, as well as the signature of a distribution contract with its Japanese partner, Geoplan KK.

Eric Lanzi, President of GeoConcept, commented :

"Following our initial experience in Japan, which is a crowning success, we are today choosing Geoplan KK as our distributor and technical support arm for our products. We have found their knowledge of the local market as well as their perfect understanding of our technology, which is unique of its kind, very impressive. In addition, some of Geoplan KK’s staff (sales and technical support staff) has been working on our software for many years now."

Launching this Japanese subsidiary is therefore an important step for GeoConcept, which intends to develop its network of local partners and promote its software. GeoConcept, which also has a significant presence in China, has just created a Franco-Pacific joint venture employing three staff in Beijing. Harder to assess – because the project is still in its early stages – this market nevertheless has huge potential, and the company anticipates recruiting its first customer before the end of the year, and a turnover of €200,000 in 2008.

Following its recent expansion in Europe into Spain and Switzerland, as well as the progress made on the North American continent in Canada, and its preliminary launch in India, these two new Asian markets are of vital importance to GeoConcept. These countries are often early adopters of new technologies, so this is a strategic choice for the company, which is enlisting the best possible support in readiness to meet the technological challenges to come and preserve its position as market leader in the field.