Finance & Legal

Private Equity Firm Acquires Cobra Electronics for $28.4M - 08/28/2014

New York private equity fund Monomoy Capital Partners (MCP) is to acquire Chicago-based Cobra Electronics for $28.4 million in cash. A definitive merger agreement has been signed, the company said. Cobra sells two-way radio, radar detectors,...

Nokia Led $8M B Round in OBD Dongle Start-up Zubie - 08/21/2014

Earlier this month Nokia Growth Partners has put its $100 million Connected Car Fund to work as part of a $8 million round in vehicle diagnostic startup Zubie. Automotive parts supplier Magna and existing investors were also part of this round....

Sygic Acquires OSM-Based Navigation App Be-On-Road; Reach 55M Users - 08/19/2014

Slovakia-based navigation software developer Sygic has announced last week the acquisition of Be-On-Road, a turn-by-turn GPS navigation application for iOS and Android that uses free map data from Openstreetmap. Be-On-Road was developed by Czech...

NNG Acquires US-Based Auto HMI Company nfuzion - 08/19/2014

NNG, a supplier of navigation software to the auto industry has announced today the acquisition of nfuzion, an American HMI prototyping company. This acquisition will allow NNG to broaden its presence in automotive on-board systems. financial...

Map Maker AND: Revenue Up to €3.3M in First Half 2014 - 08/19/2014

Dutch digital map maker AND International Publishers NV published today its financial results for the first half of 2014 showing a revenue of €3.3 million compared to €3.2 million in first half of 2013. Profit is also up to €2.1 million compared to...

Yelp Q2 2014 Up 61%, Net Revenue Reached $89 Million - 07/31/2014

Local search provider Yelp posted a net revenue of $88.8 million in the second quarter of 2014, reflecting 61% growth from the second quarter of 2013. Net income in the second quarter of 2014 was $2.7 million, or $0.04 per share, compared to a net...

Garmin Revenue Goes Up Driven by Fitness, 2014 Guidance Increased - 07/30/2014

Garmin today announced its financial earnings for the second quarter of 2014, with a revenue up 12 percent at $778 million driven by a strong growth in its fitness division. Growth profit was up 16 percent against the same quarter last year and...

YP Mobile Ad Revenue Approaches $400M, Total Rev Nearly $1B - 07/30/2014

YP, one of the largest U.S. local ad platform, had nearly $400 million in mobile search revenue in 2013, making it the number three company in the U.S. mobile advertising industry after Google and Twitter, according to analyst firm IDC. Overall, YP...

TomTom Q2 2014: Revenue Stable, Increased 2014 Guidance to €925M - 07/24/2014

GPS maker TomTom today announced its financial results for the second quarter of 2014 with revenue of €252 million against €250 million in the second quarter 2013. This good performance was driven by sport products, automotive and telematics. “Our...

Direct Line Insurance Makes 15% Investment in Telematics Supplier The Floow - 07/10/2014

UK-based specialist telematics service provider The Floow has announced this week a 15 percent investment from Direct Line Insurance Group plc. The investment will be facilitated through a dedicated capital increase in the equity of The Floow, which...

Volkswagen Acquires Blackberry EU R&D Center - 07/02/2014

The Volkswagen Group has acquired BlackBerry's European research and development centre in Bochum, Germany. "Connectivity will be a key feature of the car of the future,“ said Dr. Heinz-Jakob Neußer, Member of the Board of Management Volkswagen...

Ride-Sharing Platform BlaBlaCar Raised $100M to Go Global - 07/02/2014

European ride-sharing platform BlaBlaCar has raised $100 million in a Series C round led by Index Ventures and existing investors Accel Partners, ISAI and Lead Edge Capital. BlaBlaCar previously raised $10 million in 2012. BlaBlaCar current market...
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