Denver based start-up MapMyFITNESS which offer online and mobile fitness tracking applications today announced it secured $5 million in a Series A round of funding led by Austin Ventures. "With smartphone proliferation, GPS enablement and cloud computing, tracking fitness is now at everyone's fingertips and is as easy as...

Digital map maker AND International Publishers NV announced today its financial earnings for the first half of 2010 with revenue of €3.3 million compared to €2.9 million in first half of 2009 and after-tax profits of €1.2 million compared to €0.9 million in the same period last year. "We are very pleased that the growth...

Geo-spatial platform provider deCarta, has raised $6.2 million of an expected $10.2 million in a fourth round of funding, according to a SEC filing revealed by VentureBeat. This new round of funding is somewhat surprising as we believed venture capital firms who invested in the company were looking at an exit strategy...

NAVTEQ today announced the acquisition of NAVKEY, a provider of terrestrial and nautical digital map data in Argentina. Terms of the acquisition were undisclosed. NAVTEQ released its first map of Argentina in October 2008 (read here) and currently has 30 employees in the country. "The opportunity for development...

Last week GPS and wireless semiconductor manufacturer u-blox, announced better than expected first half 2010 performance with profits surging compared to the first half year 2009. "The increase is based on strong customer demand in all sales regions and strengthening of the US dollar during the reporting period", said...

Yesterday, location-based advertising start-up Cirius Technologies was acquired by Yahoo! Japan for an undisclosed amount. Created in Japan in 2004 with operations in the Silicon Valley, Cirius Technologies - which staff is over 40 people - is operating AdLocal, a location-based advertising platform that already had a lot of...

TeleCommunication Systems yesterday reported its second quarter 2010 financial results with revenue up 38% year-over-year to $92.7M, EBITDA of $15.4M ($0.27 per diluted share). The net income was $3.1 million ($0.06 per diluted share), compared to $6.6 million ($0.13) per diluted share in the second quarter of 2009....

Following on its May 2010 IPO, mobile navigation supplier TeleNav yesterday published its financial results for its fourth quarter and fiscal year 2010. Revenue for the quarter grew 45 percent over the prior year to $49.5 million. For fiscal 2010, revenue grew 54 percent year over year to $171.2 million. During the...

Cloudmade, the start-up that supplies a LBS platform for the Openstreetmap (OSM) data, has announced today to have raised $12.3M in a Series B investment round led by new investor Greylock Partners, which joins existing investor Sunstone Capital. $3.4m were raised in the first round (early 2008). “This new funding will...

Nokia announced today their earnings for the second quarter of the year with net sales of €10 billion and an operating profit plunging 40% against the same quarter last year. Earlier this week, the Wall Street Journal reported that the Nokia board is currently looking to replace its current CEO, Olli-Pekka Kallasvuo, who has...

Dutch PND manufacturer TomTom today released its financial results for the second quarter of 2010, reassuring investors by keeping its 2010 outlook unchanged. The group revenue was €362 million, slightly down from €368 million in the same quarter last year. The gross margin was 51% with a healthy contribution coming...

Shopkick, a new Palo Alto startup that builds a location-based shopping app that matches users with retail stores, has raised $15 Million in Series B Funding. This new financing is led by Greylock Partners and Reid Hoffman. The co-founder and executive chairman at LinkedIn, and investor in Facebook and Zynga, takes his...