TORONTO, Nov. 22, 2017 (GLOBE NEWSWIRE/Korea IT Times) -- iLOOKABOUT Corp. (TSXV:ILA) (“iLOOKABOUT” or “the Company”) today announced that the Municipal Property Assessment Corporation (“MPAC”) has executed a multi-year renewal to its agreement with iLOOKABOUT to host and manage MPAC’s Municipal Connect platform (“Municipal Connect”) which is used by Ontario municipalities to access detailed property and assessment related information in their jurisdictions.
Municipal Connect supports thousands of users from Ontario’s 444 municipal jurisdictions to support the delivery of MPAC’s data to its municipal stakeholders. On the Municipal Connect platform, iLOOKABOUT has integrated MPAC’s assessment data with iLOOKABOUT’s street level imagery, aerial imagery and spatial analytics. Financial terms of the agreement were not disclosed.
“Municipal Connect is a current core offering within the suite of products that we have implemented for MPAC and this multi-year renewal reinforces our long-term relationship while solidifying future cash flow generation,” said Laurence Rose, iLOOKABOUT’s Chief Executive Officer. “The multi-year renewal of our services agreement with MPAC regarding Municipal Connect validates the utility of our comprehensive analytical tools designed to assist municipalities to access MPAC data,” stated Jeff Young, iLOOKABOUT’s President.
About MPAC
The Municipal Property Assessment Corporation (“MPAC”) is an independent, not-for-profit corporation, responsible for assessing and classifying more than five million properties in Ontario in compliance with the Assessment Act established by the Government of Ontario. MPAC also provides products and services such as propertyline™, a secure e-commerce solution for property information, to a number of sectors including banks, mortgage firms and other assessment jurisdictions. propertyline™ enables users to purchase Assessment, Site, Structural, and Sales data on all types of properties across Ontario in an easy-to-use online store format. Information is refreshed from MPAC’s database weekly to ensure users have access to the most current property information in Ontario. propertyline™ can be accessed at www.propertyline.ca
About Municipal Connect
Municipal Connect is an online platform that provides Ontario municipalities access to assessment data through MPAC in an easy-to-use, comprehensive interface.
About iLOOKABOUT
iLOOKABOUT is a software, data analytics and visual intelligence company focused on real property. The Company primarily serves the property assessment, property taxation, municipal, insurance, and appraisal sectors, both public and private, in North America. iLOOKABOUT provides powerful data analytics to the real estate industry through its Real Property Tax Analytics software offering. The Company’s proprietary StreetScape™ imagery and real property focused web-based application, GeoViewPort™, unifies property related data and enables desktop review of properties. iLOOKABOUT has integrated analytics and workflow management applications into GeoViewPort™ which create highly valued service offerings for its clients. To augment its technology based offerings, the Company provides real estate consulting services, with a focus on the Property Tax and Valuation sectors.
iLOOKABOUT’s common shares are traded on the TSX Venture Exchange under the symbol ILA.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT: Contact: Laurence Rose Chief Executive Officer laurence.rose@ilookabout.com 1 (647) 920-6383 Jeff Young President jeff.young@ilookabout.com 1 (519) 671-2188
