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Wednesday, November 7. 2007

NAVTEQ Acquires MapSolute

LBS

There's never a dull moment in M&A these days. Even as it's poised to become part of Nokia, NAVTEQ announces the acquisition of German MapSolute. Officially, the NAVTEQ German Holdings B.V. unit acquired MapSolute GmbH, a Germany-based developer of geographical software, for about $40 million according to Reuters.

MapSolute offers a platform steeped in OGC standards and was an early adopter of GeoRSS. The technology powers the widely used (in Europe) Map24 website.

Posted by Adena Schutzberg in LBS at 19:37 | Comments (0) | Trackbacks (0)

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