Navteq
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| NAVTEQ | |
|---|---|
 |
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| Type | Public (NYSE: NVT) |
| Founded | Sunnyvale, California (1985) |
| Headquarters | Chicago, Illinois |
| Key people | Judson C Green CEO |
| Industry | GPS data and services, Navigation software |
| Employees | 3,300 (2008) |
| Website | navteq.com |
Coordinates: Navteq Corporation (NYSE: NVT) is a provider of Geographic Information Systems (GIS) data. The company was founded in 1985 in Sunnyvale, California as Karlin & Collins[1], and currently has its world headquarters in Chicago. Navteq also has smaller offices in New York, Washington, Los Angeles, Miami, Houston, Boston, and San Diego. Navteq cartographers live all over the world.
Navteq began by collecting detailed data for large metropolitan city areas. After Philips Electronics signed on as an early investor, the company grew strategically, establishing its first European office in 1991 and then offices in Yokohama, Japan in 1996.
Today Navteq is a publicly traded company headquartered in Chicago, IL, USA with approximately 2,000 employees worldwide. With a regional European headquarters located in Veldhoven, Netherlands, a major production facility in Fargo, North Dakota, USA, and support centers in Seoul, South Korea, Mexico City, Mexico and in Yokohama, Japan, Navteq is located in 144 offices in 60 countries.
Navteq provides data used in a wide range of applications, including automotive navigation systems and web-based applications, such as Google Maps, Yahoo! Maps, Local Live, and MapQuest. Its main rival is the Dutch company Tele Atlas. 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. Navteq also 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.
Microsoft's Flight Simulator X uses Navteq data for automatic terrain generation.
In early 2007, Navteq acquired The Map Network, the largest supplier of mapping to local US tourism and convention agencies. Later that year, Navteq moved their headquarters from Chicago's Merchandise Mart complex to the Boeing Building in Chicago.
[edit] Pending takeover by Nokia
On October 1, 2007, it was announced that Nokia will acquire Navteq in a deal valued at an estimated at $8.1 billion (€5.7 billion). The deal is subject to regulatory and shareholder approval and will be completed in the first quarter of 2008.[2] Navteq shareholders approved the merger on Dec. 12, 2007. As of March 28, 2008, the planned acquisition is under the European Commission review and the Commission has 90 working days to make a final decision on the transaction.[3]
[edit] See also
[edit] References
[edit] External links
- Navteq – Official website
- Traffic.com – A Navteq company
