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NAVTEQ vs TeleAtlas
posted by Satri
on Wednesday February 28, @04:20PM
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from the goliath-vs-goliath dept.
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from the goliath-vs-goliath dept.
The Map Room links to a GPS Review article about a comparison of NAVTEQ and TeleAtlas, the two main rivals in road databases. The article's conclusion: "So would I now recommend Tele Atlas maps over NAVTEQ in the USA? Not necessarily. I’m keeping my prior position that the map vendor isn’t currently something that should be a big consideration when looking to purchase a GPS device in the USA. If these results are representative of the entire database the difference between them would only amount to finding less than a dozen more addresses in a year, navigating to a new address every day."
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Technology: The Accuracy of Online Maps 9 comments
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The Cartography blog compares online maps and access their accuracy. After discouraging results, it is said: "All of this suggests that local knowledge can’t be beat which is why, perhaps, TeleAtlas has initiated an online map feedback tool to elicit such knowledge from its users. How will they determine what information they receive is correct and what is chaff sown by nasty competitors? It will be interesting to watch what happens - and if Navteq picks ups on a similar approach."
Application Domains: TeleAtlas Changes Its Data Collection Strategy
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The Map Room and All Points Blog links to a Wired article on TeleAtlas and NAVTEQ data collection strategies. From the article: "Next, GDT acquired detailed aerial photography of major cities. "We could look at a street and see which way cars were parked, even tire rubber going into intersections, and deduce 85 percent of the turn restrictions and one-way attributes," Cooke says. Some state transportation departments offered video footage of their streets to GDT, and Cooke's employees would fast-forward through hours of tape, noting every road sign. Impressed by how much faster and cheaper maps could be updated with this approach, Tele Atlas, a Belgium-based company, bought GDT for $100 million in 2004." On this previous story, we learned Tele Atlas wants to benefit from customer feedback to improve maps.
Application Domains: Data and Maps
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All Points Blog links to two stories of interest. First one is how NAVTEQ ask merchants to pay to be added on the map. The second one is on a map dispute in Singapore on the relation of data owning and value-added products distribution. From the second (short) story: "It argued that the licence agreements allowed Virtual Maps to build online maps using SLA's raw data, and did not require the company to destroy its own maps should the agreements be terminated."
Q & A with NAVTEQ's George Filley
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Very Spatial links to a Q & A session with NAVTEQ's vice president of product management, George Filley. From the Q&A: "We have to make a make or buy decision wherever we go. We need to maintain local knowledge and quality wherever we go. We make a decision based on the time frame and what’s already there. The bottom line is there are two main requirements: quality and the specification. One of the basic benefits NAVTEQ provides is a single specification for the navigable map." The whole Q&A is interesting.
NAVTEQ Profiled
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The Map Room links to an article that profiles NAVTEQ. From the article: "More than 100 companies and government agencies use NAVTEQ, including MapQuest, Google, Yahoo!, Garmin, Tom Tom, Magellan, Motorola and Verizon. Chances are if you've ever needed a map online, in the car, or on your cellphone, you've used NAVTEQ's data. The company is so large it's practically the Microsoft of navigation data, and it's still growing. Its second-quarter revenue was up 30 percent to $159.9 million, and profit nearly doubled, to $30.2 million."
TomTom Buys TeleAtlas 2 comments
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ixcer writes "A joint press release announces that TomTom, the world’s largest navigation solution provider, will acquire Tele Atlas, the biggest data provider for navigation systems, including Google, Yahoo!, AOL and Nokia. The announcement starts this way... "TomTom N.V. (“TomTom”) and Tele Atlas N.V. (“Tele Atlas” or the “Company”), jointly announce that the expectation is justified that an agreement can be reached in connection with a public offer by TomTom for all outstanding shares of Tele Atlas at an offer price of € 21.25 in cash, (the “Offer Price”) per ordinary share (the “Offer”).
The Supervisory Board and the Management Board of Tele Atlas (the “Boards”), after having duly considered the strategic, financial and social aspects of the proposed transaction, support the intended Offer and conclude that the Offer is in the best interests of the shareholders and all other stakeholders of Tele Atlas. The Boards of Tele Atlas will, when the Offer is made by TomTom, recommend acceptance of the Offer by the shareholders of Tele Atlas."" Update: 07/23 17:41 GMT by S : All Points Blogs provides more links such as the Reuters article.
The Supervisory Board and the Management Board of Tele Atlas (the “Boards”), after having duly considered the strategic, financial and social aspects of the proposed transaction, support the intended Offer and conclude that the Offer is in the best interests of the shareholders and all other stakeholders of Tele Atlas. The Boards of Tele Atlas will, when the Offer is made by TomTom, recommend acceptance of the Offer by the shareholders of Tele Atlas."" Update: 07/23 17:41 GMT by S : All Points Blogs provides more links such as the Reuters article.
Tele Atlas Connect: Expanded Global Digital Map Coverage
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Tele Atlas has announced the availability of Tele Atlas Connect, a "Global Solution for Digital Map and Location-based Applications", that expands their digital map coverage to over 200 countries and territories. This extended coverage allows for seamless mapping and routing across national boundaries and a standard database format ensures its utility with current and future geographic applications. GISuser.com has the full news release here.
The Future of NAVTEQ
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All Points Blog links to an article on the future of NAVTEQ. From the article: "[...] creating street-level map data is a slow, expensive, and labor-intensive but low profit margin process with high entry barrier. That is why there are only two major players. Thanks to the growing importance of Location-Based Services/Solutions [LBS], it becomes clear that if you own the data, you could control the market. [...]" The article comments on four scenarios: "1. NVT stays independent, 2. GRMN Acquiring NVT – GRMN and TomTom control GPS, digital maps and all Location-Based Services/Solutions [LBS], 3. Google or Microsoft acquiring NVT and 4. Private Equity Acquiring NVT", and in each scenario, NAVTEQ wins.
Nokia To Buy NAVTEQ
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In case the news hasn't reached you guys yet, Nokia is in talks to purchase NAVTEQ. I heard it from a 3rd party source, but it seems like it's shaking things up a bit (for them at least). A quick google search reveals some news activity today about it: read more on Bloomberg
and
Trading Markets. Update: 10/01 20:03 GMT by S : APB discuss the impact of the deal on Garmin. Slashdot discuss the acquisition. Expect more analysis from various medias in the coming days.
Application Domains: TomTom and Garmin in Tele Atlas Bidding War 2 comments
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It looks like the TomTom buyout of Tele Atlas isn't a done deal. Bloomberg is reporting Garmin will make an offer for Tele Atlas just before TomTom's offer expires. From the article,
"A bidding war has started," said Jesper Kruger, who helps manage about $64 billion at ATP in Copenhagen. "TomTom needs this asset, so they will have to increase their offer by at least 20 percent."
Watching competitors TomTom and Garmin fight this out will be interesting. It could get even more interesting if others jump into to this bidding war as well. Navteq and Tele Atlas were really the only viable world players for that kind of data and with Navteq getting bought by Nokia, TeleAtlas is a unique opportunity. Update: 10/31 17:17 GMT by S : Here's the associated press release from Garmin.
"A bidding war has started," said Jesper Kruger, who helps manage about $64 billion at ATP in Copenhagen. "TomTom needs this asset, so they will have to increase their offer by at least 20 percent."
Watching competitors TomTom and Garmin fight this out will be interesting. It could get even more interesting if others jump into to this bidding war as well. Navteq and Tele Atlas were really the only viable world players for that kind of data and with Navteq getting bought by Nokia, TeleAtlas is a unique opportunity. Update: 10/31 17:17 GMT by S : Here's the associated press release from Garmin.
NAVTEQ to Buy Traffic.com
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All Points Blog tells us about the acquisition of traffic.com by NAVTEQ. From the press release: "The acquisition of Traffic.com will provide NAVTEQ with proprietary traffic content, as well as the technology and expertise to deliver that content to a wide variety of customers across multiple industries."
NAVTEQ Acquires The Map Network
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NAVTEQ announced their intentions to acquire The Map Network. From the press release: "The Map Network's content and capabilities are a natural extension of NAVTEQ's core map business and will enable NAVTEQ to augment its portfolio with rich, location-specific detail.
The Map Network produces detailed, accurate maps, in both print and online form, for over 90 U.S. cities, more than 200 trade shows and events and a number of leading convention centers, stadiums and hotels. Map content includes detailed building layouts (interior and exterior), robust event listings and locally relevant community and business Points of Interest and information."
NAVTEQ Launches Developer Network
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All Points Blog tells us NAVTEQ has launched their developer network website. From their website: "The NAVTEQ Network for Developers™ is the only geospatial developer program that offers a one stop shop for NAVTEQ® map data with all development fees waived, and integrated geospatial development tools from industry leaders Autodesk and deCarta." APB also offers another story on NAVIGON's acquisition of NAVTEQ navigation software.
Application Domains: WSJ on the Tele Atlas & NAVTEQ Duopoly
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The Map Room links to a Wall Street Journal article on the digital roads duopoly between NAVTEQ and TeleAtlas. From the article: "Neither bid could be justified by the financial performance of the companies -- Navteq is modestly profitable while Tele Atlas is losing money -- but analysts say the buyers were willing to pay a "strategic premium" because of the value of mapping data to all players in the GPS industry. Now investors and regulators are raising questions about the implications of the two deals." See also related stories below.
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