Tele Atlas to leverage TomTom’s data within 6 months

Tele Atlas to leverage TomTom’s data within 6 months
Speaking at the Reuters Technology, Media and Telecoms Summit in Paris last week, Tele Atlas CEO Alain De Taeye explained that within six months of the Tele Atlas acquisition by TomTom - Tele Atlas shareholders have until May 30 to tender their shares - the company will launch a new generation of products including maps that carry TomTom's data on driving conditions.

Alain De Taeye explained TomTom has amassed 1 trillion data points, equivalent to driving every road in Europe and the United States a thousand times - information that can improve navigation by choosing a different route depending on the time of day and can also be used for new products.

Click here to read our recent analysis about the Tele Atlas acquisition.

Sunday, May 25th 2008

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