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Dutch digital map maker AND announced last week it has signed an agreement with an undisclosed “navigation company“ for the use of their worldwide digital maps. The contract is said to “contribute substantially to the revenue for 2013.“ AND expects...
Techcrunch last week revealed that social navigation and traffic start-up Waze might be in talk with Facebook for an acquisition following several reports in the business press in Israel. The deal could be valued between $800 million and $1 Billion....
Polaris Wireless, which provides location solutions to wireless operators, this week announced that the company closed on a recapitalization of existing equity interests. As part of the recapitalization, Polaris Wireless completed a Series C...
Location intelligence start-up PlaceIQ has announced today a Series B financing round of $6.75 million led by U.S. Venture Partners, and including IA Ventures, Valhalla Partners, kbs+ Ventures, and several angel investors who had already invested in...
Local search provider Yelp yesterday unveiled fast growing financial results with a net revenue of $46.1 million in the first quarter of 2013, reflecting 68% year-on-year growth. Net loss in the first quarter of 2013 was $4.8 million, or $0.08 per...
According to an article in the Dutch press local business listing provider Infohubble filed for bankruptcy. The company, founded in 2010 had the aim of providing POI listings with dynamic content (businesses, opening hours, brand sold, product...
Navigation software vendor TeleNav continues its transition from mobile to automotive-generated revenues. As a result the company anticipates small losses during its fiscal year 2014 that will start in July 1st, 2013. At the end of last week TeleNav...
Intersec, a French company which provides LBS, Loyalty and Messaging solutions to wireless operators today announced it doubled its revenue last year to €8.5 million, 95 percent coming from international customers. The company, founded in 2004, has...
Releasing today their financials for the first quarter of 2013, Dutch GPS maker TomTom announced a net loss of €2 million and a revenue drop of 13 percent to €202 million. The company however maintained its outlook for the full year with an expected...
“The Hamburg Commissioner for Data Protection and Freedom of Information has imposed a fine of 145,000 Euros upon Google Inc. due to illegal recording of Wifi networks,“ said the data protection authority on Monday. “In my estimation this is one of...
Nokia today released its financial results for the first quarter of 2013 that show a revenue decrease of 22% (€216 instead of €277) for is HERE division, a business that is mostly made of NAVTEQ map data sales and for a smaller part revenue from...
GPS Business News interviewed with Martin van den Drijver, who followsTomTom stock as a financial analyst. On the heels of TomTom´s new products presentation this afternoon in Amsterdam he answered our questions. According to him there is no big...
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