Finance & Legal

TeleTrac & Navman Wireless Announced Merger - 03/05/2015

Navman Wireless and Teletrac Inc., two large fleet and asset tracking companies, have merged to create one of the world's largest global telematics organizations. The joint company's technology currently tracks more than 500,000 vehicles owned by...

Fleetmatics Acquires French FMS Provider Ornicar - 02/26/2015

Mobile workforce solution vendor Fleetmatics has announced the acquisition of French Fleet management service provider Ornicar. According to a recent report published by industry analyst firm Berg Insight, France is the largest market for light...

SNS Securities: “TomTom Has Turned the Corner in Terms of Growth“ - 02/23/2015

Last week GPS Business News interviewed with Martijn den Drijver, Head of Equity Research at SNS Securities. Martijn den Drijver has been following the TomTom stock for several years and published several reports about the companyand he gave us his...

Garmin 2014 Revenue Up 9%, EPS up 18% - 02/18/2015

Garmin has announced today its financial earnings for 2014, revealing a revenue growth of 9 percent to $2,871 million and pro forma earnings per share of $3.1, reaching $3 for the first time since 2009. Fitness up 60% y-o-y The fitness category has...

TomTom Revenue Down 1% in 2014, 5% Growth Expected for 2015 - 02/12/2015

TomTom today has announced its financial results for 2014 with a total revenue of €950 million, almost stable against the previous year (€963.5 million), and a net result of €22.7 million, up 13% against the previous year The good news for the Dutch...

SigFox Raised €100 Million from Telco, Industrial & Financial Partners - 02/11/2015

French IoT network technology provider SigFox has announced today a large fund raising of €100 million to accelerate its deployment in Europe, Asia, North and South America. This round of funding includes a large range of investors: telecom...

Harman Invests in Software, Acquires Symphony Teleca & Red Bend - 01/22/2015

Harman today announced the acquisition of two software company, Symphony Teleca and Red Bend Software, a strategic move a company that until today realized most of its revenue in hardware. Under the agreement, HARMAN will purchase Symphony Teleca...

Hi-Media Acquires French Mobile Geo-Targeted Ad Network Admoove - 01/15/2015

Hi-Media SA, a group specializing in digital advertising and mobile payment, has announced the acquisition of 100% of the mobile marketing company AdMoove, the French leader geo-targeted mobile advertising. The transaction amounted to €2 million,...

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...
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