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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...
Nokia today announced its divestment from Metacarta, a company acquired last April. The company was re-sold to Qbase Holdings LLC while Nokia “will retain MetaCarta's geographic intelligence technology, which it is incorporating in its local search and other services”, said the public statement of the Finnish phone maker....
Last week on Thursday, AutoNavi Holdings Ltd (AMAP.O), a leading Chinese digital map provider, successfully started trading on the NASDAQ. AutoNavi sold 8.625 million American Depositary Shares for $12.50 each, raising about $107.8 million.
Shares of the company are currently trading at $14.90.
AutoNavi’s net...
Mediamobile S.A., a subsidiary of French telecom and broadcasting Group TDF, announced today the acquisition of Destia Traffic, a provider of real-time traffic information in Denmark, Sweden, Norway, Finland and Poland. With this acquisition French Mediamobile dramatically increases its European footprint. The company also has...
Comuto, a French start-up that has successfully developed a ride sharing community on the web and on mobile (read here) has announced last week a new fund raising round lead by the newly launched French entrepreneur fund ISAI and completed by the fund of Spanish entrepreneur Luis Martin Cabiedes.
Comuto was created in...
Last week Chinese Mapmaker, navigation and LBS provider AutoNavi filed for an initial public offering on the Nasdaq Global Market with the hope of raising as much as $100 million. AutoNavi is a venture-backed company with famous investors such as Sequoia Capital China and Kleiner Perkins Caufield & Byers.
At the core...
Dutch LBS start-up SoGeo has raised €1 million in funding from an investor group called BlueBubbleLab. SoGeo is self-described as a provider of “context aware infrastructure for mobile and web, enabling businesses to build relevant communities around brands, products and services.”
The company was created in 2008, has a...
Multiplied Media, the company behind the local search application Poynt and listed on the TSX Venture Exchange, has released last week their financial results. Total revenues for the quarter ended March 31, 2010 were $174,351 compared to $16,170 for the same period in 2009. The net loss for the quarter ended March 31, 2010 was...
Self-described as “The Wiki of Places”, or “an anthology of public places”, U.S. start-up PublicEarth has raised an additional $1m in funding. “This was a follow-on round to our A-round both from current and new investors”, said PublicEarth CEO Michael Rubin.
PublicEarth previously raised $3 million from Polaris Venture...
Location-based gaming start-up Booyah raised an additional $20 million round of funding led by Accel Partners. Existing investors Kleiner Perkins Caufield & Byers and DAG Ventures also participated in the round. Booyah had raised an initial $4.5 million from the from Kleiner Perkins Caufield & Byers’ iFund in May 2009....
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