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Last Thursday navigation provider TeleNav released their financial earnings for their fiscal year ended June 30, 2012 with a revenue of $218.5 million, which compares with $210.5 million in fiscal 2011. While these earnings are slightly better than...
U.S. Satellite imagery providers DigitalGlobe and GeoEye have announced on Monday that the boards of directors of both companies have unanimously approved a definitive merger agreement working through the acquisition of GeoEye by Digital Globe. This...
Dutch GPS navigation systems maker TomTom today announced this revenue decreased 17 percent to €262 million in the second quarter of 2012. The operating eesult was €14 million and the operating margin 5 percent. The company however maintained its...
The Hamburg, Germany Commissioner for data protection and freedom of information has sanctioned Europcar car rental GmbH with a fine of €54,000 for illegal collection of personal data. Following a complaint the privacy protection authority found out...
Samsung and chipmaker CSR have announced yesterday the acquisition by the Korean company of the handset connectivity (Bluetooth and WiFi) and location R&D centers of CSR for $310 million. This acquisition excludes the indoor location business of...
Mobile GPS navigation provider Navmii yesterday announced to have raised £2 million from investors as part of its current funding round. Navmii has registered more than 8.2 million users for its paid and free turn-by-turn GPS navigation apps and is...
TeleCommunication Systems, Inc. (TCS) last week announced it has acquired privately-held microDATA GIS, Inc., a provider of Next Generation 9-1-1 (NG9-1-1) software and solutions. “The aggregate acquisition consideration is approximately $37...
Amazon is reported to have acquired UpNext, a New York city startup that offers a mapping application for various devices and platforms including the Kindle Fire, Android and iOS. UpNext has 4 co-founders and was created in 2007 to offer 3D maps on...
Swiss GPS and wireless chipset vendor u-blox announced today the acquisition of UK-based Cognovo for $16.5 million. Cogonovo is a spin-off from ARM that will enable u-blox to address new markets for high-speed LTE modems (4G). The company...
All new cars must be fitted by 2015 with eCall devices said Members of the European Parliament in a resolution adopted jointly by the Internal Market and Transport Committees on Tuesday. The resolution, adopted by 58 votes to 4, with 8 abstentions,...
On Friday Verizon Communications announced the acquisition of U.S. telematics supplier Hughes Telematics for a total consideration of $612 million ($12 per share). the price is quite a premium considering Hughes’ Thursday closing price of $4.35 and...
Hexagon AB, a global provider of design, measurement and visualisation technologies, has acquired all shares in the Norwegian company My Virtual Reality Software AS (myVR). myVR provides software that offers a solution for 2D, 3D and 360-degree...
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