ZenaTech, Inc., a technology provider specializing in AI-powered drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing, announced on August 5, 2025, the acquisition of Morgan Surveying, Inc., a Greensboro, North Carolina-based land surveying firm. This marks ZenaTech’s seventh DaaS acquisition and its first in North Carolina, complementing five prior Florida-based acquisitions to strengthen its Southeast U.S. operations and expand government contract opportunities.
ZenaTech acquires Morgan Surveying, its seventh DaaS acquisition.
First North Carolina acquisition, expanding Southeast presence.
Morgan Surveying enhances government and commercial client access.
Aims for 25 DaaS locations nationwide by mid-2026.
Current stock price: $5.07, up 22 cents (finance card above).
Drone surveying market projected to reach $8B by 2030 (15-20% CAGR).
The acquisition of Morgan Surveying, a firm with over 30 years of experience serving Guilford County and surrounding areas, strengthens ZenaTech’s DaaS portfolio. Morgan Surveying provides boundary and topographic surveys, real estate transaction support, construction, land development, utility plans, and zoning services. Its established relationships with municipal, county, and private sector clients align with ZenaTech’s goal to penetrate government markets at the county, city, and state levels. “By bringing Morgan Surveying into our DaaS portfolio, we are strengthening operations in the Southeast region while accelerating expertise and expansion into government opportunities,” said Shaun Passley, Ph.D., ZenaTech CEO.
ZenaTech’s DaaS model offers on-demand drone services, eliminating the need for clients to invest in hardware, software, pilots, or regulatory compliance. The model, akin to Software as a Service (SaaS), provides scalable, cost-effective solutions for surveying, inspections, and automation. The acquisition supports ZenaTech’s vision of a national DaaS network, with a target of 25 U.S. locations by mid-2026. Morgan Surveying’s integration of ZenaTech’s AI-powered drones, such as the IQ Square for land surveys, enhances precision and efficiency in industries like construction and conservation.
As shown in the finance card above, ZenaTech’s stock (NASDAQ: ZENA) closed at $5.07 on August 7, 2025, with a market cap of $131.59 million. The stock has risen from $4.69 in July 2025, reflecting a positive market response to its acquisition strategy. The global drone surveying market is projected to grow to $8 billion by 2030, driven by a 15-20% CAGR, with demand from construction, agriculture, and infrastructure sectors. ZenaTech’s focus on AI-driven solutions positions it to capture this growth, particularly in government contracts.
ZenaTech has completed seven U.S. acquisitions, including five in Florida and now one in North Carolina, with a prior Virginia acquisition expanding its Southeast footprint. The company has signed offers for additional land surveying firms, including one in North Carolina and another in Florida, aiming to build regional hubs for its DaaS model. These acquisitions leverage ZenaDrone’s technology, including the ZenaDrone 1000 for agriculture and defense, IQ Nano for indoor logistics, and IQ Square for surveys, to drive operational efficiencies.
Morgan Surveying’s government client base provides ZenaTech immediate access to municipal and state contracts, bypassing lengthy procurement processes. This complements its commercial portfolio, creating a balanced revenue stream. ZenaTech is also pursuing Green UAS and Blue UAS certifications to align with federal standards, enhancing its appeal to defense and government sectors.
ZenaTech’s acquisition of Morgan Surveying marks a pivotal step in its national DaaS expansion, strengthening its Southeast presence and government market access. With a robust AI-powered drone portfolio and a clear growth strategy, ZenaTech is well-positioned to capitalize on the $8 billion drone surveying market by 2030, delivering scalable, innovative solutions to diverse industries.
ZenaTech is a business technology solution provider specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in agriculture, defense, logistics and land survey sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, precision, and cost savings. The Company operates through offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS business and network in the US.
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