![]() MapInfo held an initial public offering (IPO) on February 1, 1994. Magazine's annual list of the 500 fastest-growing private companies in the U.S. Its other competitor was ESRI, which primarily sold expensive GIS software for engineering workstations. Later, Strategic Mapping was sold to Claritas Worldwide in May 1996. The first intended product was for in-car navigation, but this was abandoned when inertial navigation proved impractical.Įarly competition for MapInfo software came from Strategic Mapping, which had been founded by Steve Poizner around the same time. The company originated as a Rensselaer Polytechnic Institute incubator project. ![]() Marvin helped to set up the business and used his community contacts to raise seed capital. They contacted Michael Marvin early in the company's history for advice on how to form the company. They got a contract to develop bus routes for a local school district, and used the money to develop their first product. The four were students at nearby Rensselaer Polytechnic Institute who wanted to develop an inexpensive mapping tool for the PC. ![]() MapInfo was founded in 1986 by Laszlo Bardos, Andrew Dressel, John Haller, and Sean O’Sullivan.
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