Company believes supply chain shortages will continue to 2023
Citing continuing supply chain shortages, digital mapping company TomTom last week reported a larger-than-expected quarterly loss. For the fourth quarter, the company reported a loss of around $44.4 million, which was larger than...
Moody's Investors Service says Polaris Newco's (dba Solera) financial ratings are unchanged following a recently announced acquisition of Spireon for an estimated $737.5 million. Last week, Location Business News reported that the financial details of the transition were not disclosed.
“Proceeds from incremental term loan, together with about...
Both teams in this year’s NFL Super Bowl are Boston-based Catapult clients— who use its Catapult Vector to measure player performance. The Los Angeles Rams and the Cincinnati Bengals use the Catapult Vector, a wearable product that provides teams with performance data.
Catapult Vector uses GPS and LPS tracking technology,...
Omnitrac's parent company signs deal to buy telematics giant
Solera Holdings, the parent company of Omnitracs, has agreed to acquire telematics giant Spireon from a fund managed by Greenbriar Equity Group. The companies, which did not disclose the terms of the acquisition, expect the...
Citing a slowdown from the COVID-19 pandemic and slow IoT adoption rates, Labège, France-based Sigfox has filed for bankruptcy protection in France. The company, which has raised more than $300 million in venture funding, is seeking a buyer to continue operating...
NextNav has announced that it participated in the European Commission’s Joint Research Centre (JRC) alternative positioning, navigation, and timing (APNT) evaluation in Ispra, Italy. The trial analyzes the technologies “which could deliver positioning, and/or timing information, independently from GNSS, to be effective...
Digital Matter has announced the addition of Polte to its Location Engine, which is a new cloud-based location solver and data enrichment engine. Digital Matter's Yabby Edge and Oyster Edge devices are the first to offer support for Polte through the Location Engine.
Digital Matter’s Yabby Edge and...
Telenav said that Ford has chosen the company’s SmartHorizon application to enable ADAS features in Ford vehicles in North America, Europe, Australia and New Zealand. SmartHorizon offers Intelligent Speed Assist (ISA), mandated for driver safety by EU regulations for all newly manufactured light vehicles starting...
Comtech Telecommunications Corp. last week rejected a $790 million offer from investment firm Acacia Research Corp. to take over the company.
In October, Acacia made $30-per-share offer to acquire the location services provider after a failed merger with Gilat Satellite Networks. At...
Privacy issues are not going away for the industry...
Three U.S. states and the District of Columbia have sued Google for alleged ‘deceptive’ collection of location data on Android devices. The attorney generals of Texas, Washington state and Indiana joined with the District...
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