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NAVIGON Inc. has acquired NAVTEQ's (NYSE: NVT) navigation software business including all production software assets and development personnel to create automotive navigation software and software development toolkits that support a variety of platforms and media.
NAVIGON now uniquely possesses the assets to cross pollinate the consumer electronics and automotive-grade navigation software realms - applying the innovation and nimble development cycles of personal navigation devices to in-dash navigation, and the rigor and superior quality of in-dash infotainment platforms to consumer electronic devices.

NAVTEQ, a leading global provider of digital map data for vehicle navigation and location-based solutions, established its software development business during the mid-1990s to foster market growth. With the navigation industry rapidly expanding, NAVTEQ determined it could best serve the demands of automakers and their consumers by focusing on enhancing its core navigable map data products.

While NAVIGON has made important contributions to the future of vehicle navigation through previous collaborations with the global automotive industry, the acquisition significantly strengthens NAVIGON's competencies in the automotive category. The transaction effectively means newly christened NAVIGON is powering a variety of car navigation systems in North America and Europe. World-class car companies and their associated navigation system suppliers expand the established NAVIGON automotive roster, providing new opportunities for the company to extend its flexible and intuitive user interfaces to a new consumer audience.



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Max

holy crap...

and if you want to know "where have these guys been?"

click here:

Navigon Appoints Hecht to Lead American Operations

egadgetguy

Hmmm.... I wonder if it's too late to get my 2100 back!?! LOL NOTLOL

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emap> Magellan MAP410> GPSV
JensenNVX200 >Garmin Nuvi200> Navigon 2100 MIO C230 >GPSV