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Cisco announced last week the acquisition of location analytics start-up ThinkSmart Technologies based out of Cork, Ireland. Created in 2008, ThinkSmart Technologies, is a software company that delivers location data analysis using Wi-Fi technology....
United Kingdom-based Speedcam locator Road Angel is announcing today the acquisition of two of their competitors: RoadPilot and the PoGo brand, an asset of Origin Technologies Ltd. The financials of the transaction have not been disclosed but the...
GPS Business News learned that map data provider NAVTEQ (Nokia) had filed a complaint against navigation software provider TeleNav in the Circuit Court of Cook County (Illinois), on August 30, 2012. NAVTEQ is alleging breach of their Data License...
Local search company Yelp announced yesterday their financial results for the second quarter of the year, posting a net revenue of $32.7 million, a 67 percent growth from the second quarter of 2011. Net loss in the second quarter of 2012 was $2...
Garmin today announced their financial results for the second quarter of 2012, posting a revenue up 7 percent at $718 million and diluted earnings per share of $0.95, up 70 percent against the same quarter last year. “In the second quarter of 2012...
Last week German car maker Daimler announced an investment in the European ridesharing community start-up carpooling.com. Said to be the largest ridesharing community in the world, carpooling.com is transporting 1 million people a month across...
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...
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