Turn-by-Turn navigation provider NNG announced this week that the company is opening 60 additional positions of software developers at its Budapest, Hungary-based headquarter. NNG had already grown its staff 30 percent in 2012 to reach 400 employees.
“The company saw an increase in year on year revenue of 44% in the first half of 2012 (and) continues to stay resilient to the global economic challenges that have affected the navigation industry, committing to ship over 20 million licences of its iGO Navigation Software in the next 3 years,“ said the Hungarian company in a statement.
Despite being based in Europe like TomTom – which announced yesterday their automotive revenue was down 21% in the last quarter of 2012 – NNG customers are much more diversified geographically and across a larger number of car brands. NNG currently provides its software to 25 car brands, including names such as Dacia (MEDIANAV), Ford (Australia), Hyundai, Iveco, Kia (Russia, Europe, Middle East, Brazil), Mitsubishi, Renault (MEDIANAV), Scania, Subaru and Toyota (Touch & Go).