Financial Solutions

nearmap revenue spikes 2,000%

July 11th, 2011

Perth-based aerial mapping group nearmap.com has announced its full year revenue for financial year 2011 had soared more than 2,000 per cent over the previous year’s result.

nearmap, which is a subsidiary of listed technology and intellectual property group Ipernica, revealed today that revenue from its subscription and on-request services for FY2011 was more than $3.5 million.

At 11:45AM (WST) Ipernica shares had gained 20 per cent, to trade at 9 cents.

nearmap said it currently has around 70 government users of its Google Maps-like content, as well as a number of major clients in insurance, real estate, utilities and mining and exploration.

The total contract value of all subscriptions totals around $8.3 million, with a 69 per cent government, 31 per cent private sector mix, Nearmap said.

nearmap.com chief executive Simon Crowther said the company’s goal was to monetise its content across new platforms, including mobile applications.

“We are actively developing new subscription models and products to support this strategy and to address the significant demand we are experiencing for our content from multiple sectors and from SME’s through to the federal government,” Mr Crowther said.

Tags: Revenue, Revenue Spikes

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Deutsche Bank’s RREEF Property Unit Buys Apartment Towers for $151 Million

July 11th, 2011

RREEF, the real estate investment arm of Deutsche Bank AG (DB), said it bought a 40-story apartment tower in Chicago and two multifamily complexes in Seattle for a total of $151 million to take advantage of rising rents.

RREEF America Real Estate Investment Trust II purchased Cityfront Place, a 480-unit building with views of Lake Michigan and the Chicago skyline, for $107 million, RREEF said today in a statement. The REIT paid $44 million for Eden Hill and Sweetbrier, two four-story buildings with 81 apartments and 27,000 square feet (2,500 square meters) of street-level retail in Seattle’s Queen Anne neighborhood.

“Seattle’s economy is in recovery and is outpacing the U.S. due to a rebounding aerospace industry and a concentrated tech sector,” Mayura Hooper, a spokeswoman for Frankfurt-based Deutsche Bank, said in an e-mail. In Chic

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Tags: 151 Million, Million

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5 Tips For Traveling On A Budget

July 11th, 2011

My wife and I love to take trips and usually go on a nice vacation every year or so.  We try to keep the costs low and have found a few ways to make the most of our vacation while keeping to our budget.

Every time we go on a trip, I like to set out an anticipated budget.  This usually includes food, gas, airfare, hotel, and fun.  It’s usually pretty easy to estimate these costs and with the total in mind, we have a better handle on what we should aim for cost-wise.

I’m sure you’ve heard some of these tips, but there may be a few that are new to you.  Hopefully you can use them to shave off a few dollars from your next trip.

I know it sounds simple and may not work for every trip you take, but when you leave after lunch, you only need to worry about eating dinner on the road.  Leaving in the morning means that you will be paying for lunch and dinner during the trip.  If you have a family, that lunch bill at McDonald’s can add up fast – even if you’re ordering from the dollar menu.  : )

When we eat at home before we leave, I know that it’s like saving $10 for the both of us.  While that’s really not a lot of money to brag about saving, it does count for something!  Just think of it as a $10 gas credit!

A pack of granola bars is $2.00 from the store, so pick up a box and keep it in the car during your trip.  If you’re flying somewhere, make sure your snacks don’t include drinks.  As a way to save with things to drink in the airport, you can bring an empty bottle and fill it with water once you get past security.  Then you can bring it on the plane with you.  Go ahead and multiply $3 by each person who bring a water bottle…there’s your savings.

Ok, ok… I know what you’re thinking.  Enough with the small savings, right?  If you’re looking to save in the big things, the following tips are for you (but I’d encourage you to try to save in the small things too).

Most major hotel chains offer reward stays that can really add up.  I travel a lot for work and use the Hilton family chain of hotels.  Since I use a Hilton Honors credit card, my points add up quickly.  I usually get a free stay every two months just for using my credit card to pay for things I would buy normally.

Another hotel chain with great rewards is Choice Hotels.  They give you a free stay after two stays.  This

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Movers Help – What Do People Neglect When Moving Home?

July 10th, 2011

Theres always a thing

Moving house is undoubtedly among the most tense things men and women carry out on an every day lives. Not far behind your driving test, exams and getting a baby. The whole sense of house removals for your worlds possessions, even though it can be merely across the corner reveals an entire variety of stresses and legal obligations and difficulties that just seem to get more greater and higher because the day with the move approaches.

Pressure of moving unsurprisingly brings to numerous things becoming overlooked or forgotten about which might cause more difficulties later on. This short article seeks to highlight several of the most generally forgotten points to ensure once your big day comes, you dont neglect them.

Redirect Mail

Due to e-mail and smartphones and cellphones and alike, typical mail has in lots of situations been forgotten about.

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Tags: Moving, Moving Home

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