1Spatial Holdings Share News (SPA)

(ShareCast News) - Global spatial software, service and data quality company 1Spatial announced on Tuesday that it has entered into a reseller distribution agreement with navigation, mapping and location experiences provider HERE.The AIM-traded firm said the agreement follows the strategic partnership between 1Spatial and HERE announced on 11 January, which saw HERE working with 1Spatial to provide data quality and processing solutions using selected map data.Its board said the agreement was formed to fulfil key enterprise account requirements and market opportunities, bringing multiple benefits to clients and the market.The initial term of the agreement runs until 31 August 2017, and automatically renews thereafter for successive 12-month periods."After announcing the strategic partnership with HERE, we are pleased that our relationship has extended with our reseller agreement," said 1Spatial CEO Marcus Hanke."The role of reliable data within the automotive industry continues to be a major issue, but is also a challenge for lots of adjacent verticals."1Spatial are uniquely positioned in the ecosystem to help drive geospatial data technology opportunity and adoption," Hanke explained.HERE was the mapping division of cellular technology company Nokia until December 2015, and is now owned by a consortium of German carmakers comprising Volkswagen Group, BMW and Daimler.