ZenaTech, Inc. (NASDAQ: ZENA) completed its 21st acquisition on April 9 2026, adding Andy Paris & Associates—a Lake Oswego, Oregon‑based land‑surveying firm founded in 1952—to its portfolio. The deal brings a long‑established customer base and a proven track record in boundary, topographic, and construction staking surveys to ZenaTech’s Drone‑as‑a‑Service (DaaS) platform.
The acquisition expands ZenaTech’s global DaaS network to 24 international locations, with the new Oregon and Washington offices positioned to serve forestry, environmental monitoring, energy infrastructure, and port‑logistics customers. By integrating Andy Paris & Associates’ existing relationships, ZenaTech can accelerate the deployment of its AI‑driven autonomy platform and broaden its subscription‑based service offering without the capital costs of owning equipment.
ZenaTech’s strategy of acquiring profitable, technology‑ready firms is designed to create a unified, scalable service network. The addition of Andy Paris & Associates strengthens the company’s foothold in the Pacific Northwest, a region with high demand for drone‑enabled inspections and surveys. The integration is expected to enhance operational leverage and provide a ready customer base for the company’s AI platform, which turns aerial data into continuous, actionable intelligence.
Financially, ZenaTech has experienced a 321% revenue surge over the last twelve months, yet it remains in negative EBITDA territory, with a $9.78 million loss. The acquisition adds a stable revenue stream and a customer base that can help offset cash burn, but the company’s overall profitability remains a concern as it continues to invest heavily in scaling its DaaS network.
"Strengthening the Pacific Northwest operations puts us right at the intersection of forestry and environmental monitoring, critical energy infrastructure, and ports and logistics surveillance, which is exactly where Drone as a Service delivers the most value for mission‑critical operations," CEO Shaun Passley said. The comment underscores the strategic fit of the acquisition and the company’s confidence in its AI‑driven platform to deliver value across these high‑growth sectors.
The global DaaS market is projected to grow from roughly $12‑$13 billion today to $34 billion by 2032, driven by increasing adoption of drones for inspections, surveys, and monitoring. ZenaTech’s expansion into the Pacific Northwest positions it to capture a larger share of this rapidly expanding market, while its focus on high‑margin, subscription‑based services aims to improve long‑term profitability.
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