(Terms include acknowledgment by Acquis Ltd. and its CEO, Liam McGeown, that they had breached contractual covenants and will make a payment to eSpatial in full & final settlement)
October 25th, 2007 Dublin, Ireland - eSpatial, a global enterprise geospatial software and technology company today announced a settlement to its High Court action against Liam McGeown and Acquis Ltd.
Liam McGeown and Acquis acknowledge that they have breached the restrictive covenants contained in an Agreement between eSpatial and Liam McGeown, dated 17th July 2003, and in consideration thereof have agreed to make a payment to eSpatial in full and final settlement of its claim in the proceedings, inclusive of costs.
eSpatial brought legal action against Liam McGeown, a founder of the company, last year, three years after his departure from the firm.
eSpatial is a global software and consulting company specializing in GIS (Geographical Information Systems) and Location Services. eSpatial leverages ten years of Oracle Spatial experience to deliver sophisticated and powerful web applications. We have a consistent track record of cost-effective solutions that deliver significant return on investment for our customers. iSMART®, our award winning software suite, is the most comprehensive solution to complement Oracle’s Spatial technology platform and is fast becoming the first choice for Oracle Spatial. eSpatial enables customers to realize the potential in on-line mapping and location applications that support and integrate with real-world internal and external business systems. We have a global partner and customer-base that is growing rapidly. This is testament to our commitment to flexibility and responsiveness in ensuring faster time to market for enterprise grade system deployment.
Orla Power, Head of Marketing and PR, eSpatial Solutions Ltd., Swords Business Park, Co. Dublin, Ireland. t: +353.1.870.8800, f: +353.1.870.8899, e: Email Contact www.espatial.com
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