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Tuesday, October 16, 2012

ByteLight just came out of stealthmode and announced the investment. How does the tech work?

ByteLight’s patented solution turns LED light sources into positioning beacons. “ByteLight-enabled” lights transmit proprietary signals which can be picked up by camera-equipped mobile devices. Once signals are detected, the device then calculates its position without the need for an active network connection. ByteLight’s market-leading indoor positioning solution is accurate to less than one meter and takes less than a second to compute. To enhance the functionality of its solution, the Company also offers tools that make it simple to provide location-based digital content, analyze traffic patterns and measure engagement.

- press release

TeleNav(R), Inc. (TNAV), the leader in personalized navigation, announced today that it has acquired Local Merchant Services, Inc., d.b.a. ThinkNear, a privately held hyper-local mobile advertising company located in Los Angeles, California, for consideration of $22.5 million, consisting of approximately $18.5 million in cash, plus restricted stock and assumed options. The acquisition, which closed on October 10, 2012, added ThinkNear's team of twelve employees, including its two co-founders, to Telenav's mobile local advertising group.

- press release

Foursquare’s homepage is now  a whole lot more useful– even if you don’t use Foursquare.

The location-based social network is opening up its Explore recommendation engine so that visitors don’t need a Foursquare account to take advantage of it.

- VentureBeat

If you want to buy some LBS patents, some are for sale:

ICAP Patent Brokerage announces for auction a search engine software technology providing improved results and rankings with relevance annotations by geographic area from other users. This lot from Geodex LLC will be included in the 17th ICAP Ocean Tomo IP Auction on November 29, 2012, at The Ritz Carlton in San Francisco, California.   

- press release

by Adena Schutzberg on 10/16 at 06:04 AM | Comments | Bookmark and Share

Yesterday Esri announced it was acquiring seven person Geoloqi, an LBS platform company with a focus on using geofences, based in Portland, Oregon. The office will become and R&D site for Esri and CEO Amber Case expects to hire between 12 and 20 people in the next two years. The company had raised by $350,000 since its launch in 2010. 

Geoloqi announced the acquisition in a blog post late yesterday and offers this FAQ for users. Of note from the FAQ:

In the future, all of Geoloqi's features and products will be available through ArcGIS Online with a developer-friendly pricing model and feature set.

Here's how the tech press understands what the companies do and the key tidbits I gleaned from each. Geoloqi did contact Directions Magazine, I was unable to follow up on the story yesterday due to travel.

Continue reading...

by Adena Schutzberg on 10/16 at 06:00 AM | Comments | Bookmark and Share
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