Intel purchases mobile mapping company

By on 4 October, 2011
 
In further evidence that location-based services are hot property right now, Intel has just bought the Israeli-based mapping software company Telmap for somewhere between US$300-350 million.
 
The purchase means that Intel are trying to create an alternative to Google Maps (and, to a lesser extent, Microsoft’s Bing and Nokia’s Ovi Maps) which has come to dominate the mobile platform.
 
Intel’s AppUp blog notes that Telmap will help supply AppUp developers with a standard set of location-centric APIs and software to make location services easier to implement in their apps.
 
Telmap offers location-based services to provide details on traffic data and local offerings, and expects to post revenue of $33 million in 2011 and be profitable for the second consecutive year.
 
Telmap will become a wholly owned subsidiary of Intel, which has two plants and four development centres in Israel, and will retain its brand, management and 210 employees.
 
“The unique thing about this transaction is that here comes a giant and says, ‘We really like what you’re doing, we believe in your strategy, we want to enhance and go forward. We’re not here to swallow you up,’ ” Mr. Nissim said.

You may also like to read:



Newsletter

Sign up now to stay up to date about all the news from Spatial Source. You will get a newsletter every week with the latest news.

Putting maps into cartographic context
The ICA and OGC are collaborating to improve cartographic de...
The evolution of CAD survey software
The hugely successful MAGNET Office CAD workflow solution wi...
CoStar Group to acquire 3D specialist, Matterport
Online real estate marketplace firm, CoStar, will outlay US$...
Digital Twin Victoria expands collaboration network
Datacom, Telstra and a 10-member consortium led by Veris hav...
Planning and monitoring platform
Deloitte has launched what it is calling its Geospatial and ...