Finance & Legal

Fullpower Acquires SleepTracker IP - 03/31/2014

Fullpower (MotionX) today announced the acquisition of SleepTracker intellectual property, including the SleepTracker patent portfolio that includes U.S. patents 7,306,567 (Jan 9, 2004) and 8,096,960 (Jan 9, 2004). Both patents cover a system that...

Low Bandwidth IoT Network SigFox Raised €15 Million - 03/31/2014

On Friday low bandwidth wireless operator SigFox announced a series B fund raising from Idinvest Partners, the FSN PME, Fonds Ambition Numérique, Elaia Partners, Intel Capital, Ixo Private Equity and Partech. SigFox’s wireless technology is based on...

Telit Announced 17.3% Increase in Revenue, Net Profit Jumped 179% - 03/20/2014

Telit Communications PLC (AIM: TCM), a worldwide supplier of M2M communication modules announced a 17.3 percent growth in revenue to $243.2 million for the full year 2013. Operating profit increased by 139% to $14.1 million (2012: $5.9 million) and...

u-blox Revenue up 27%, Net Profit up 44% - 03/20/2014

Fabless wireless and GNSS module maker u-blox announced today strong top- and bottom line growth for the year 2013. Consolidated revenue of u-blox was CHF 219.8 million ($246 million) in 2013, a growth of 27.0% as compared to 2012. Net profit...

Exelis, Blackberry Settle Litigation about Assisted GPS Technology - 03/18/2014

Last week Exelis announced that they has reached a license agreement with Blackberry regarding patent infringement claims related to their assisted Global Positioning System (GPS) technology. The company stated that the “license agreement resolves...

Yandex Acquired Geofencing/Motion Sensing Start-up KitLocate - 03/18/2014

Russian internet giant Yandex has acquired KitLocate, an Israeli start-up specialized in low power geofencing and motion sensing. The company was founded in 2011 and had 9 employees (including the three co-founders), it raised $750,000 of seed...

Map Supplier AND Posts Revenue of € 4.3M, Profit of € 1.2M - 03/11/2014

Netherlands-based digital map and LBS supplier AND posted a revenue of € 4.3 million (down 4% year on year) and a profit of € 1.2 million (down 33 percent year on year) for the year 2013. Earnings per share amounted to € 0.33 compared to € 0.47 in...

Garmin's Earnings Up Despite Sales Slightly Down - 02/19/2014

Garmin has released today strong financial results for the Fourth quarter and full year 2013. For the fourth quarter revenue is down 1 percent to $760 million but net income has soared 27 percent. Revenue for the full year 2013 is slipping down 3...

Alibaba Made $1.58B Offer for Chinese Maps & LBS Vendor AutoNavi - 02/11/2014

Alibaba, China's largest e-commerce firm, offered to buy digital map and LBS vendor AutoNavi for $1.58 billion. The all-cash offering represented a premium of almost 40 percent against the stock price in the recent months. Alibaba, already owns 28...

Mix Telematics Ended 2013 with 428,500 Subscribers - 02/10/2014

South African telematics vendor Mix Telematics has ended up 2013 (Q3 of their fiscal year 2014) with 428,500 vehicles under subscription, up 26 percent. Total subscription revenue in the quarter was $21.0 million, up 25 percent year over year....

TeleNav’s Transition Continues Quarterly Result Show $4m Loss - 02/06/2014

Last week the acquisition of Openstreetmap-based navigation supplier skobbler by TeleNav made the headlines, but the U.S. also announced its financial results for the quarter ended December 31, 2013 (second quarter of TeleNav’s fiscal year 2014)....

Insurance Telematics Supplier Octo Sold for €405m - 02/06/2014

Amadeus Capital Partners, today announced the sale of Octo Telematics for €405 million to Renova Group, a private, multi sector Russian group. Octo was an early pioneer in the telematics sector in Italy and offers solutions for insurance and...
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