TomTom to open R&D centre in Eindhoven

 TomTom to open R&D centre in Eindhoven
TomTom today announces it will open a new office in Eindhoven (The Netherlands). The company is supposedly accelerating the build-up of its automotive expertise and research and development (R&D) capabilities.

According to the press release of the company: "The new office will allow for significant expansion of the existing TomTom R&D teams as TomTom plans to recruit 200 engineers. The focus will be on Java and C++ developers, as well as managers with experience in the automotive industry. TomTom also intends to acquire a dedicated and experienced automotive team to service car manufacturers and OEMs. The Eindhoven centre will be an addition to TomTom’s existing R&D teams."

Historically TomTom's investments in R&D have been very low for a technology company. They were 2.7 percent of its revenue in Q4 2006 (and only 1 percent in Q4 2005), about half the R&D investment of Garmin, its main international competitor.

Tuesday, March 27th 2007

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