Finance & Legal

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...

Location Sharing App Glympse Raised $12 M in Series C Financing - 06/16/2014

Location sharing start-up Glympse has announced today a $12 million C round of funding, “with participation from new investors UMC Capital, Verizon Ventures and additional unnamed strategic investors, along with existing investors Ignition Partners,...

Here to Acquire “Predictive Analytics“ Supplier Medio - 06/12/2014

Nokia Here today announced the acquisition of Seattle-based mobile analytics company Medio Systems to provide personalized location-based services. The deal follows Nokia's purchase of A.I./natural language-processing tech developer Desti (read...

Denso Acquires Majority Stake in Small US Vehicle Diagnostic Vendor - 06/06/2014

Japanese automotive supplier Denso has announced the acquisition of 72.1 percent of Ease Simulation Inc., a small US-based provider of vehicle diagnostic solutions. Ease is based in Pennsylvania and has 14 employees. Its products include OBD2 scan...

Local Listings Management Company Yext Raised $50 Million - 06/05/2014

US-based local listings management company Yext announced today to have raised $50 million in primary growth financing. This round was led by Deven Parekh at Insight Venture Partners, and included the existing investors Marker LLC, Institutional...

Summit Partners and FleetCor Acquire Masternaut - 06/04/2014

Growth equity investor Summit Partners today announced a joint venture with FleetCor Technologies to acquire Masternaut, a large European provider of telematics solutions to commercial fleets, from Francisco Partners. FleetCor will be a minority...
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