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Nearmap was instead acquired by ASX-listed Ipernica that same year, and ran as a wholly owned subsidiary of Ipernica until 2012, when Nearmap was moved to Sydney from Perth and made the primary entity of the company after the success of its first product release in 2009. "I remember speaking with Stuart, sitting in his lounge room and him showing me a demonstration of the technology and I thought this is going to change the world, and I've been passionate about it ever since," said Nixon, who took up the role of CEO in 2015 after spending seven years on Nearmap's board. The company's product development, technology development, and centralised functions all operate out of the Sydney headquarters. Nearmap also has a sales presence across the United States, where Newman said the company's product has gained a warm reception. According to Newman, Nearmap created a new market when it introduced its product, as 80 percent of its customers in Australia had physician home construction loan Oak Laurel never before purchased aerial imagery. In Australia, Nearmap captures imagery up to six times per year for most of the major cities and some of the larger regional towns. In the US, 70 of the country's largest cities are captured up to three times per year, with 270 cities captured at least once a year. Insurance companies are using Nearmap to remotely assess claims; construction companies are using it to monitor the progress of developments; solar companies are using it to provide quotes and identify areas to target for new business; and local government agencies are using it to identify illegal developments. While it's obvious what customers such as Ausgrid and Brisbane City Council are using Nearmap for, Newman said he's seen a whole range of use cases he never saw coming.
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