Navteq

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Navteq is a Chicago, Illinois-based provider of Geographic Information Systems (GIS) data and is a dominant company in providing the base electronic navigable maps. Navteq's underlying map database is based on first-hand observation of geographic features rather than relying on official government maps. 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. Portable GPS devices made by Garmin, Magellan, Lowrance, NDrive and web-based applications, such as Yahoo! Maps, Bing Maps, and MapQuest also use its maps. Microsoft's Flight Simulator X uses Navteq data for automatic terrain generation. Nokia Ovi Maps also use its maps in smartphones. Ovi Maps provides offline maps, eliminating the need for a constant internet data feed. Navteq is also the data aggregator used by XM Satellite Radio and Sirius Satellite Radio to display traffic data on navigation systems that are capable of that display, and partners with various third party agencies and companies to provide government and transportation related services, such as the GPS and GSM-based sex offender tracking system currently in use in parts of North Carolina and Georgia. Navteq also provides graphics systems, information services and personnel for TV and radio broadcasting (Navteq Media Services). Most of the clients utilize Navteq for providing broadcast traffic reports in major metro areas througout North America. Navteq also has smaller offices in Minneapolis/St. Paul, New York, Atlanta, Washington, Los Angeles, Miami, Houston, Boston, Fargo, San Diego, and throughout most big cities around the world, where Navteq cartographers live. Its main competitors are the American company Google and the Dutch company Tele Atlas. On October 1, 2007, it was announced that Nokia would acquire Navteq in a deal valued at an estimated $8.1 billion (5.7 billion). Navteq shareholders approved the deal in December 2007. The European Commission in July 2008 ruled the deal did not violate anti-trust rules clearing the way for closing the deal. On December 13, 2010, it was announced that Navteq purchased Trapster, a four-person California-based company that provides a free mobile and web application that includes such community-generated content as speed traps, red-light cameras, and road hazard alerts. Trapster was 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". [READ THE REST OF THIS ARTICLE]





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