Finance & Legal

TomTom Grew Revenue in 2015, First Time in 5 Years - 02/09/2016

GPS maker TomTom today announced for the last quarter of 2015 a revenue of €282 million, up 9 percent, while the EBIT margin was 0%, down from 1 percent in the last quarter of 2014. For the whole year the revenue has increased 6% at 1,007 million....

Telenav: $45.3M Revenue and $6.6M Loss in Q4 2015 - 02/04/2016

Telenav announced this week their financial earnings for the quarter ended December 31, 2015 (second quarter of their fiscal year 2016). Total revenue was $45.3 million, compared with $44.1 million in the first quarter of fiscal 2016 and $39.8...

Polaris Wireless Wins Patent Dispute Against TruePosition - 01/19/2016

Polaris Wireless, a global vendor of location solutions to wireless operators, today announced that it has prevailed in a patent dispute filed by its competitor TruePosition, a subsidiary of Liberty Broadband Corporation. On December 15, 2015, the...

Comtech Acquires TCS for $430.8 Million - 11/27/2015

Sat telecom and LBS vendor TCS (Telecommunications Systems) has announced this week their acquisition by Telecommunications Corp. (Comtech). The companies signed a definitive merger agreement under which Comtech will purchase TCS in a cash...

Fitbit Sold 4.8M Fitness Devices in Q3 2015; Average Selling Price up 33% - 11/09/2015

Last week fitness devices vendor Fitbit announced their financial results with $409 million (up 168%) in revenue during the third quarter of 2015. The GAAP net income per share was $0.19 and the adjusted EBITDA $85.0 million. The cash from...

Transit App Moovit Raised Additional Money from Sound Ventures - 11/04/2015

Transit app Moovit has secured an undisclosed amount of funding from Sound Ventures, the firm co-founded by actor Ashton Kutcher and Guy Oseary, talent manager for both U2 and Madonna. Thus far Moovit has raised over $81 million, including...

what3words Raised $3.5m in Funding Led by Intel Capital - 11/03/2015

Global addressing platform what3words, has announced today the closing a $3.5m Series A funding round led by Intel Capital, with Li Ka-shing’s Horizons Ventures and several of the company’s original angel investors also participating. The...

TeleNav Revenue Up 26% in Q3 But Loss Reached $10.8M - 11/02/2015

GPS navigation software supplier TeleNav has announced $44.1 million in revenue for their first quarter of fiscal 2016 (quarter ended September 30, 2015) up 26 percent year over year. During the quarter the total billing was $47.9 million, up 37%...

TrackR Raised $8.7M in Funding Round - 10/07/2015

Bluetooth tag vendor TrackR has raised $8.7 million in funding led by Foundry Group with participation from Resolute Ventures and several angel investors. “This round of funding will now allow TrackR to continue dramatically scaling production to...

Urgent.ly Raised $7M in Series A from Forté, Allianz and Verizon - 10/07/2015

Roadside assistance startup urgent.ly has announced yesterday a $7 million Series A round of funding led by Forté Ventures with Allianz Digital Corporate Ventures, and Verizon Ventures. Urgent.ly allows customers to: - Identify and connect with the...

Nokomis Capital Reached 9.1% Ownership of TeleNav, Joins Board of Director - 10/01/2015

Navigation software vendor Telenav announced last week that it reached an agreement with the hedge fund Nokomis Capital which now owns 9.1 percent of TeleNav outstanding shares. Based on this agreement TeleNav Board appointed Richard L. Todaro to...

GPS Chip Vendor OriginGPS Raised $1.75M - 09/17/2015

Israel-based Origin GPS, a manufacturer of miniature GPS systems announced the closing of a $1.75 million round of funding from existing shareholders and the technology accelerator, Lab IX, which is a part of Flex (formerly known as Flextronics)....
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