Finance & Legal

Aftermarket Connected Car Startup Vinli Raised $6.5M - 06/08/2015

Vinli, a Dallas-based startup developing a connected car aftermarket solution, announced today to have raised a $6.5 million Series A financing led by Samsung Venture Investment Corporation. Cox Automotive, The Westly Group, and Continental also...

Trimble Subsidiary PeopleNet Acquires US-Based FMS Vendor Cadec - 05/27/2015

Trimble announced yesterday that its subsidiary PeopleNet has acquired the assets of privately held fleet management system vendor Cadec Global, based in Manchester, New Hampshire. Founded in 1976, Cadec is specialized in foodservice and private...

5 Years Later Google Paid Skyhook $90M in Settlement Fee - 05/22/2015

As we already published (read here) Google settled in March 2015 its long terms litigation with Skyhook Wireless that started in 2010. Last week the publication of financial results from Liberty Broadband gave more insight about this settlement, as...

Insurance Telematics: $22M DriveFactor Acquisition is from CCC - 05/13/2015

Last week we learned that insurance telematics start-up DriveFactor was acquired for $22 million, from an unknown party. But today CCC Information Services (CCC) confirmed this acquisition. CCC is a large SaaS technology provider to the U.S. auto...

Nokia Here Bidding War, More Subtle Than it Appears - 05/11/2015

According to an article in the New York Times last week Uber would have made a $3 Billion bid on HERE, the digital map division of Nokia. This follows on the heels of the Wall Street Journal announcing a competing bidding consortium formed by Audi,...

TomTom CFO Marina Wyatt to Step Down - 05/11/2015

TomTom today announces that Marina Wyatt will leave TomTom at the end of July 2015 in order to take up the position of CFO of the London based UBM plc, a global events and communications company. Wyatt has served as CFO of TomTom since 2005. “Over...

OBD Dongle Start-up Automile Raised $5 Million - 05/06/2015

Swedish aftermarket connected car start-up Automile has raised $5 million in Series A funding. Automile is offering solutions for both businesses and consumers to help them manage their car and driving data. The solution is provided as a dongle that...

Harman: $2.1B Business Signed for BMW & Daimler Next-Gen Infotainment - 05/06/2015

Tier one automotive supplier Harman announced last week as part of its financial earnings for the first quarter that it has won approximately $2.1 billion of new awards to design and build the next generation infotainment systems for BMW and...

TeleNav Improves Revenue & Reduces Losses in Q1 2015 - 05/05/2015

Mobile and automotive navigation supplier TeleNav posted revenue of $42.3 million for the quarter ended March 31, 2015 (third quarter of fiscal year 2015). These revenue are up from $34.5 million in the same quarter of fiscal year 2014. Adjusted...

Garmin Reports Flat Revenue in Q1 2015 Impacted by Dollar Strength - 04/30/2015

GPS manufacturer Garmin yesterday released their financial results for the first quarter of 2015 with a flat revenue of $585 million. Commenting on the consequences of a strong dollar, Garmin CEO Cliff Pemble said: “We estimate that recent currency...

CalAmp Acquires Insurance Telematics Startup Crashboxx - 04/29/2015

Fleet management supplier CalAmp has announced last week the acquisition of Crashboxx, a startup focused on insurance telematics. Consideration for the acquisition was $1.5 million in upfront cash and future earn-out payments based on...

EU Parliament Voted eCall Mandate, to Start in Spring 2018 - 04/28/2015

As of 31 March 2018, all new cars and light commercial vehicles in the European Union will be equipped with an eCall emergency device that will automatically dial the 112 emergency number in the event of an accident, sending details of the accident...
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