Networks in Motion acquires TrafficGauge for location-based traffic software
Networks in Motion, creator of location-based applications for mobile phones, announced that it’s purchased real-time traffic map provider TrafficGauge for an undisclosed sum. The Irvine, Calif. company plans to use TrafficGauge’s technology to develop better navigation tools for cell phones, including software that could make route recommendations based on current traffic conditions.
Network in Motion sells its services to carriers like Verizon Wireless. It has raised $15 million in capital to date from Redpoint Ventures, Mission… Continue Reading
Location buzz continues: Nokia buys Plazes, Verizon backs Loopt & NIM
Nokia, the world’s largest maker of mobile phones, has agreed to acquire the Swiss-German start-up Plazes, the companies said in a statement today.
Plazes, based in Berlin, Germany is a service that lets you share your location and leave a brief message — akin to Twitter — about what you’re doing. Your message is placed on a map. In other words, it’s like Twitter, only with the added feature of location tags. Plazes’ most recent… Continue Reading