Finance & Legal

G29: “Personal Data Protection is a Fundamental Right“ - 12/11/2014

The G29 Data Protection Working Party (G29 W. P.), an advisory group to the European Commission (including representatives of the national data protection agencies) issued a Statement earlier this week at the European Data Governance Forum held in...

Mail.Ru Acquired OpenStreepMap-Based MAPS.ME - 11/17/2014

Mail.Ru, one of the largest Russian internet companies, has announced last week the acquisition of MAPS.ME (MapsWithMe), a mobile maps and navigation service based on OpenStreetMap (OSM) data that allows users to access maps both online and offline....

Intersec Raised $20M in Series B Funding For U.S. Growth - 11/07/2014

Intersec, the Telco Big Data software company headquartered in France has announced yesterday the closing of a $20 million series B funding round led by Highland Capital Partners Europe and existing investors. Intersec designs solutions that enable...

Q&A with ABI Research about CSR Acquisition by Qualcomm - 11/05/2014

On October 15, 2014 mobile chipmaker Qualcomm agreed to acquire Cambridge, U.K.-based chipset vendor CSR for £1.56 billion (circa $2.5 billion). CSR is first well-known for its Bluetooth chipsets but also for its GPS expertise, since its acquisition...

INRIX Gets $10 Million from Intel Capital - 11/05/2014

Real-time traffic provider INRIX announced yesterday a strategic collaboration with Intel to develop next generation smart cities analytics platforms and applications. As part of their collaboration, Intel Capital, is investing $10 million in INRIX....

TeleNav Stops Revenue Decline, But Profitability Not In Sight Yet - 10/30/2014

Navigation software vendor TeleNav announced its financial results today with $35.0 million in revenue, compared with $34.4 million in the fourth quarter of fiscal year 2014 and $44.3 million in the first quarter of fiscal year 2014 (ended September...

Harman Infotainment Division Revenue Up 17% - 10/30/2014

Harman International released today its financial results for their first quarter of fiscal 2015 (ended September 30, 2014). Its infotainment division posted net sales of $748 million, an increase of 17 percent compared to the same period in the...

Garmin Revenue Up 10% in Q3 2014, Fitness Up 43% - 10/30/2014

GPS maker Garmin published yesterday their financial results for the third quarter 2014, posting a revenue up 10% to $706 million with double digit growth in all segments excluding auto/mobile. Gross and operating profit margins increased from the...

TomTom Announced €170M in Automotive Bookings - 10/30/2014

TomTom yesterday released their financial results for the third quarter of 2014 and announced they have booked €170 million in automotive contracts (software and services) since the beginning of the year. TomTom’s revenue for this quarter was €235...

Yelp Breaks $100M Revenue in Third Quarter 2014 - 10/23/2014

Local search provider Yelp, announced $102.5 million in net revenue in the third quarter of 2014, reflecting 67% growth over the third quarter of 2013. Net income in the third quarter of 2014 was $3.6 million, compared to a net loss of $2.3 million...

Nokia’s HERE Value is Down to €2 Billion - 10/23/2014

When announcing its financial earnings today Nokia revealed it now estimates the value of its mapping and LBS subsidiary HERE to €2 Billion. See below the entire explanation from Nokia’s financial press release: “Nokia’s continuing operations...

M2M Network SigFox Targets €50M Round & IPO - 10/13/2014

Low cost M2M network technology vendor SigFox is discussing a $50 million funding round with potential investors and an IPO that could come as early as 2016, according to French financial newspaper Les Echos. SigFox’s wireless technology is based on...
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