Monday, October 10, 2005

TeleAtlas & Garmin Make New Acquisitions

Directions Magazine is hosting press releases noting that TeleAtlas and Garmin made some new acquisitions this week. TeleAtlas announced that it purchased PPWK GeoInvent, which develops a mobile mapping system that captures still and motion imagery for a 360-degree view of the road. Meanwhile Garmin acquired MotionBased Technologies, which allows athletes to monitor their travels, trails, and GPS tracks via ArcWeb Services. The TeleAtlas purchase is interesting due to the all-around view capability that it will more than likely bring to in-car navigation systems in the future. While, the Garmin acquisition will offer a worthwhile web-based mapping service to its customers who want to monitor their performance. Although, it will be interesting to see what the experts say.

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