Nokia also announced the closing of two Navteq offices in Malvern, PA (former Traffic.com ) and Bonn, Germany, 12 affecting more than 300 employees. 13.The company was acquired by Nokia in 20072008, and fully merged into Nokia in 2011 to form part of the Here business unit.The unit was subsequently sold to a consortium of German auto makers in 2016.
It provides data used in a wide range of applications, including automotive navigation systems for many car makers, accounting for around 85 of market share. Navteq also provides graphics systems, information services, and personnel for TV and radio broadcasting via Navteq Media Services. Karlin, originally from South Africa, told interviewers that he started the company after being frustrated with a paper map of the San Francisco, California area. He thought Wouldnt it be nice if I had someone sitting next to me in the car who knew the way 7 Collins created a pilot navigation system in the San Francisco area. ![]() They realized that the system not only had to have accurate maps, but also detailed data on turn restrictions, one-way streets and other local issues. Russell Shields, a Chicago entrepreneur and founder of Shields Enterprises International, which specialized in building order fulfillment databases. Karlin and Collins made use of the newly created U.S. Census electronic map (TIGER files) which was matched with aerial photographs. They hired people to drive every road carrying a Dictaphone describing the position. ![]() Shields invested another 3 million on condition he be named chief operating officer. Etaks offering was an in-car system that showed your location on the map but did not offer directions. Philips Electronics acquired the company in the early 1990s and invested nearly US600 million in building the database for a car-based mapping device. Both Karlin and Collins left after the takeover but Shields remained, rising to chief executive officer in 1996. The company was listed on the New York Stock Exchange (NYSE) under the ticker symbol NVT. It also owns and operates major production centers in Fargo, North Dakota; Leon, Mexico; Veldhoven, Netherlands; and Mumbai, India. Later that year, Navteq moved their headquarters from Chicagos Merchandise Mart complex to the Boeing Building in Chicago. In September 2009, Navteq acquired Acuity Mobile, a mobile marketing technology company. The European Commission in July 2008 ruled the deal did not violate antitrust rules, clearing the way for closing the deal. Trapster had been a finalist in Navteqs 2008 Global LBS Challenge. A Navteq spokesperson said that Navteq believes that community-generated data has a critical part to play in location content. Nokia also announced the closing of two Navteq offices in Malvern, PA (former Traffic.com ) and Bonn, Germany, 12 affecting more than 300 employees.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |