Little Known Facts About Navteq hopes to take navigation indoors - Computerworld.

Its company is more well balanced in between devices and maps. For its part, Navteq has a brand-new product in usage in Europe called Advanced Driver Assistance Systems that Green says successfully puts the map in the engine to assist drive the automobile. For example, it turns headlights to match the road's curves, alters the transmission as the vehicle approaches a big hill and cautions the chauffeur when a lane line is crossed without a turn signal.

"The next wave of location-enabled gadgets will be cellular phone, and there we're permeating less than 1 percent," he stated. " Find More Details On This Page opens all type of opportunities if you understand where you are." It's clear, simply put, that the digital map world now is about a lot more than getting from Point A to Point B.

"It'll be pervasive in your life." ___ On the Internet:.

The Buzz on About Navteq Corp- Archives - berkshireeagle.com

Nokia, based in Stockholm, Finland, purchased Navteq on Monday for about $8. 1 billion, according to the Associated Press. Founded in Sunnyvale, Calif., as Navigation Technologies in 1985, Navteq presently uses about 3,000 individuals in 168 workplaces in 30 countries. The business opened a division in downtown Fargo in 1996 with 16 workers.

The company ended up being openly traded on the New York Stock Exchange in 2004. Dail Hassler, human resources director for the Fargo production center, validated Monday that the regional facility utilizes 380 individuals. The Fargo site had 250 employees in 2006, according to a Forum story printed in April of that year.

Numerous email and voicemail requests directed to Bob Richter at Richter Media for remark regarding effect of the sale on the Fargo Navteq facility were not returned. Under the agreement approved by the boards of both business, Nokia will pay $78 in money for each Navteq share, consisting of outstanding options, Nokia said Monday.