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Tier One automotive infotainment provider Harman said today it acquired Israeli startup iOnRoad, a company that produces smartphone software that uses the phone camera and computer vision algorithms to provide collision and lane departure warnings....
Leading worldwide provider of insurance telematics services Octo Telematics is for sale, according to Reuters. “The company, 65 percent controlled by Italian investment fund Charme II, had sales of 72 million euros ($92 million) in 2011 and is...
Fabless GPS and wireless module and chipset maker u-blox announced today a consolidated revenue of CHF 173.1 million ($183.5 M) in 2012, up 38.8% year-on-year. In 2012 the operating profit (EBIT) increased from CHF 21.2 million ($22.4 million) to...
According to a short article in French Financial newspaper Les Echos, speedcam warning system provider Coyote System might be looking for a buyer. Based on the newspaper report, it appears that the advisory investment bank Lazare has been hired by...
Connecticut Attorney General George Jepsen yesterday announced a $7 million multistate settlement with Google over its unauthorized collection of data from unsecured wireless networks in the United States through Google’s Street View vehicles....
TeleNav today revealed they have entered into an agreement to sell their mobile resource management business unit to FleetCor Technologies for approximately $10 million in cash. This business unit offers platform to track status and the location of...
Dutch map maker AND today published its financial results for 2012 that show a great improvement after a very difficult year 2011. In 2012 AND revenue increased by 90% to a total of € 4.5 million. Operating expenses decreased with € 2.5 million in...
BMW i Ventures took a stake in Life360 family location app said the start-up company today. Thus far Life360 raised about $5 million (including $3.5 million in Series A funding raised in Dec. 2011) and employs a bit less than 30 full-time people....
Euclid:euclidanalytics.com/, a Palo Alto start-up company that specializes in real-world shopper analytics for retail has secured a Series B round of funding led by Benchmark Capital with participation from NEA, Harrison Metal, and Novel TMT...
Garmin today posted weaker-than-expected revenue and profit in their fourth quarter and full year 2012 earnings. Revenue for Garmin’s automotive and mobile division - which encompasses its Personal Navigation Device business - fell 25%. Garmin’s...
Yesterday Ituran Location and Control, a leading vendor of fleet tracking and theft prevention systems announced that their revenues for 2012 reached $150.3 million. This marks decrease of 6.1% over revenues of $160.2 million in 2011. “In local...
TeleCommunication Systems (TCS) has entered into an agreement with Acacia Research Corporation, a leader in patent licensing. The agreement grants exclusive Rights to license and enforce a portion of TCS' Location-Based Services patents. "Yet...
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