The navigation area is a fast growing
business, and with location-based services expanding rapidly into mobile
communications devices, the industry is poised for even further growth. NAVTEQ brings a number of key assets to
Nokia: a great team with best-in-world maps and navigation industry expertise, a
strong customer base and an industry-leading map data and technology platform
with the broadest geographical coverage.
NAVTEQ will continue to provide the most
advanced and flexible map data platform to navigation industry players. With
NAVTEQ, Nokia will further strengthen its location based services offering and
bring to market the most innovative, context aware Nokia Internet services with
accelerated time to market.
NAVTEQ is a leading provider of
comprehensive digital map information for automotive navigation systems, mobile
navigation devices, Internet-based mapping applications, and government and
business solutions. NAVTEQ also owns Traffic.com, a web and interactive service
that provides traffic information and content to consumers. The Chicago-based
company was founded in 1985, generated 2006 revenues of $582 million and has
approximately 3,000 employees located in 168 offices in 30
countries.
Nokia is the world's largest mobile device
manufacturer with more than 900 million people using a Nokia mobile device
around the world. Driven by Internet and digital convergence, Nokia is expanding
its offering to include areas such as entertainment, communities and location
based services. Shipping with the GPS-enabled Nokia N95 multimedia computer, the
Nokia Maps solution is one of the most advanced location based services in the
marketplace today.
"Location based services are one of the
cornerstones of Nokia's Internet services strategy. The
acquisition of NAVTEQ is another step toward Nokia becoming a leading player in
this space,"
said Olli-Pekka Kallasvuo, President and CEO, Nokia. "By joining forces with
NAVTEQ, we will be able to bring context and geographical information to a
number of our Internet services with accelerated time to market. We also look
forward to maintaining and enhancing the services and support provided to
NAVTEQ's existing and future customers".
"Nokia's
unique vision for location based services aligns perfectly with NAVTEQ's vision
to enable everyone to find their way to people, places and opportunities on
mobile communications devices, cars, desktop computers and in all the other
places that are important to them," said NAVTEQ President and CEO Judson Green.
"It's really exciting to imagine what we can achieve by combining our location
experience with the resources of a company that has a customer base of more than
900 million people."
In commenting on the transaction,
Christopher Galvin, Chairman of the Board of NAVTEQ, said "Nokia's offer of $78
per share reflects a very attractive valuation for NAVTEQ's stockholders,
representing a 34% premium to our stock price of one month ago. In considering the offer, we approached other
potential purchasers about their possible interest in NAVTEQ and our Board took
those contacts and discussions into account in determining that Nokia's proposal
was the best opportunity available to maximize value for our
stockholders."
Nokia is the world leader in mobility,
driving the transformation and growth of the converging Internet and
communications industries. Nokia makes a wide range of mobile devices and
provides people with experiences in music, navigation, video, television,
imaging, games and business mobility through these devices. Nokia also provides
equipment, solutions and services for communications networks.
http://www.Nokia.com
About NAVTEQ
NAVTEQ is a leading provider of
comprehensive digital map information for automotive navigation systems, mobile
navigation devices, Internet-based mapping applications, and government and
business solutions. NAVTEQ creates the digital maps and map content that power
navigation and location-based services solutions around the world.
Mobile Technology Feature - Top 10 Business Apps for Android - Android has become one of the most popular mobile operating systems
in the world due to advanced software, competitive manufacturers, and an
app market that is filled with exciting and useful applications. Read
on for this fine Top 10 List compiled by tech writer, Blake Sanders
The Really Big List of Mapping, Geo location Mobile developer resources, APIs and Tools - The Mobile Ecosystem... no question that mobile is huge and
the opportunity for developers, in particular, geo developers! There's
loads of developer resources on the web so to help the developer,
here's a listing of just some of the fine dev resources, blogs,
toolsets and more to consider when developing or porting your app to a
smartphone or Tablet.
ArcGIS.com Mashup Tutorial with Flickr and Foursquare data-
Here's a simple "how to" tutorial on working with the free ArcGIS.com
to easily import KML or RSS data from Flickr and foursquare into ArcGIS
to create your own custom map mashup. ArcGIS.com has some recent
updates including support for KML, be sure to check it out!
Most Users of Free Photo Apps Say Adding Cool Effects is Most Useful - Adding cool effects
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CatchFree a free
online service that helps people find the best free mobile and web applications
to perform useful tasks.
Amazon Kindle Fire Tablet Up Close - No Replacement for the iPad But Pretty Darned Sweet - As could be
expected, speculation and blogging is rampant with many stories and
pseudo "reviews" coming out, many of them touting the next "iPad
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Mobile Developer Resource - MapQuest & The Mobile Worker - Facility management companies, surveyors, multi-level marketing,
insurance claims, pipeline companies, water utilities; all have field
workers who would benefit from mobile applications. Not only checking in
to work sites, but keeping a record of the work done
Flickr GPS Photo Tag Tip - Here's a tip for Flickr users who want to share their GPS information
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capturing photos using a GPS-enabled or GPS-aware camera (see you're
smartphone hardware settings to ensure that GPS or location sharing is
turned "ON)".
Mobile data usage in Canada to triple between 2010 and 2012 - Some interesting, yet not terribly surprising, numbers on mobile
usage coming out of Canada. According to a report summarized on
Techvibes, mobile usage is soaring, in particular, the smartphone
segment
Social Location Directory
Do you have a location-aware application, social location service or other location-sensitive service that you'd like to share with us? Please browse this growing directory of Social location Services and feel free to leave a link to your favorite service! See the Directory HERE
Suggested Reading
The Underground Guide To The iPhone:
The iPhone is – if I may say so – one of the greatest mobile
revolutions of the past decade. More and more, mobile phones seem to
materialize out of our wildest dreams. Because of the tight integration
of third-party applications, you can do nearly everything with your
device — be it gaming, working, fooling around, and of course phoning.
Good Mobile Messaging: Executives and professional field forces spend an increasing amount of time on the road tending to business.
Mobile Apps - Native or Web?:
You probably have a plan to build a mobile app, but you've struggled
with the basic question - Should I build it using open web standards
such as HTML, CSS, and JavaScript, or should I build it as a native app
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iBike Coach App- a new “Always On” feature always gathers data
Nike+ GPS App- for sports tracking, recording and sharing
Featured Events
Content & Apps for Automotive Europe 2012 (18-19 April, Germany)
will give you key insights on how in-vehicle connectivity is being
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throughout the vehicle life cycle.
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Held in Las Vegas on the eve of the Consumer Electronics Show (CES),
this year's senior-level speakers will include General Motors, Audi,
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