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Some Known Factual Statements About NAVTEQ Acquires Acuity Mobile - GISuser.com


<h1 style="clear:both" id="content-section-0">Map-Maker Navteq Goes Crowd-Sourcing with Trapster for Beginners<br></h1>
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<p class="p__0">A number of other huge tech business were likewise reportedly interested, and Facebook's switch to Here maps back in May set some tongues wagging. But it seems the German vehicle giants were identified to have Here all to themselves. Why was Nokia's Here such a searched for residential or commercial property? And why did Nokia desire to offer? Here's a fast wrap-up of how Here became.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="http://allaboutwindowsphone.com/images/features/misc/msnok4.png" alt="BMW, Audi, Mercedes near deal to buy Nokia maps unit - Automotive News"><span style="display:none" itemprop="caption">Can Nokia pull itself back from the edge? - Digital Trends</span>
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<p class="p__1">Nokia ended up being included in a 3D maps consortium called Inform, Maris, getting the underlying software application outright in 2006. It then made an existing mobile app called Smart2Go offered free of charge download on Nokia and Windows Mobile devices. Quick forward to 2007, when Nokia got NAVTEQ for $8 billion. I Found This Interesting was a supplier of digital map information for car navigation systems, mobile phones, and other platforms.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.wired.com/images_blogs/gadgetlab/navteq-nokia.jpg" alt="Nokia's sale of digital mapping unit Here, aka Navteq, could benefit Chicago tech - Crain's Chicago Business"><span style="display:none" itemprop="caption">Nokia, Navteq show us how a map is made - Roadshow</span>
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<h1 style="clear:both" id="content-section-1">A Biased View of Nokia Buys Navteq For $8 Billion, Bets Big On Location-Based<br></h1>
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<p class="p__2">A handful of smaller sized acquisitions later, Nokia rebranded what had been referred to as Ovi Maps as Nokia Maps in 2011, before changing the name yet again to Here the list below year. While Nokia has recently accepted other mobile platforms, with the launch of its GPS navigation app on both Android and i, OS, its big appeal for third-party companies lies in the quality of the mapping technology that underpins it.</p>
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<p class="p__3">And for lots of, Here is a far more enticing proposal than Google Maps, given that Nokia's offering provides full offline access to entire countries and regions for totally free. But while this was a big selling point for users, it's not what business interested in obtaining the service would have cared a lot about.</p>
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<h2 style="clear:both" id="content-section-2">The Basic Principles Of Nokia to Buy Navteq for $8.1 Billion - The Oklahoman<br></h2>
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<p class="p__4">And back in December, Nokia scored a significant deal with Chinese Internet giant Baidu Maps. However, Here has been a huge gamer in the land of automobiles for a while, and it's said that Nokia's mapping innovation powers around 80 percent of in-car GPS navigation systems. Majority of Here's $1 billion earnings in 2014 was produced by the automobile market.</p>
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<img width="438" src="http://nokiamob.net/wp-content/uploads/2018/01/HERE_Announcement_Bosch_Conti-768x247.jpg">
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<p class="p__5">For Nokia, the offer is all about cleaning up, consolidating, and restructuring. The business is a various monster from what it was when it acquired NAVTEQ eight years ago. It was clear that Here was becoming an increasingly odd fit for the business. Likewise, according to Nokia's most current Q2 financials, Here represented less than 10 percent of incomes, with just a little operating earnings to reveal for it.</p>
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My Website: https://www.quora.com/Nokia-Why-did-Nokia-acquire-Navteq-at-US-8-1-billion-when-Navteqs-revenue-was-US-853-million/answer/Jorge-Johnson-13?prompt_topic_bio=1