ZenaTech, Inc., a prominent enterprise software technology company, has recently expanded its footprint in the drone-as-a-service sector through the strategic acquisition of Velocity Geomatics Inc. This move marks the company’s 25th acquisition, underscoring its aggressive growth strategy and commitment to enhancing its service offerings in the oil and gas industry.
Velocity Geomatics, a Canadian geomatics provider based in Alberta, brings significant expertise in geospatial surveying, mapping, and compliance work, particularly within the energy sector. This acquisition is a pivotal step for ZenaTech as it seeks to bolster its capabilities in environmental and regulatory assessments for extraction projects. By integrating Velocity’s operations, ZenaTech aims to leverage existing drone workflows that are already a staple in most of Velocity’s projects.
The acquisition aligns with ZenaTech’s broader objective to complete 25 acquisitions, each designed to support and expand its drone-based services. This strategic initiative is particularly timely, given the burgeoning global market for drone inspections in the oil and gas sector. The market is witnessing a surge in demand driven by the increasing adoption of autonomous inspection and mapping technologies, which are revolutionizing how environmental and regulatory assessments are conducted.
ZenaTech’s expansion into the Canadian oil and gas sector through this acquisition not only enhances its service portfolio but also extends its client base, providing access to major energy producers. This move is expected to fortify ZenaTech’s position as a leader in the drone-as-a-service market, offering comprehensive solutions that integrate advanced geospatial technologies.
Founded in 2017 and headquartered in Vancouver, Canada, ZenaTech has evolved from its origins as ZenaDrone, Inc., a company primarily focused on drone manufacturing, sale, and distribution. Today, it stands as a multifaceted enterprise software technology company, delivering a wide array of cloud-based software applications across various industries, including medical records, facility management, contact centers, safety and compliance management, field service management, and public safety.
With a market capitalization of approximately $128.9 million and a close price of $1.48 as of July 16, 2026, ZenaTech continues to navigate the competitive landscape of the Information Technology sector. Its strategic acquisitions, such as the recent purchase of Velocity Geomatics, reflect a forward-looking approach aimed at capitalizing on emerging technological trends and expanding its global reach.
As ZenaTech continues to integrate Velocity Geomatics’ operations, stakeholders can anticipate enhanced service offerings that leverage cutting-edge drone and geospatial technologies. This acquisition not only strengthens ZenaTech’s position in the oil and gas sector but also reinforces its commitment to innovation and growth in the rapidly evolving enterprise software technology landscape.
