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Navteq, Type, Public, MarketGPS data and services, Navigation software application, Founded1985 (Karlin & Collins, Inc.)1987 (Navigation Technologies Corporation) 2004 (NAVTEQ)Defunct2011 (2011) (Changed by Nokia HereFate, Merged into moms and dad Nokia to become Nokia HereHeadquartersChicago, Illinois, United States, Key people, Michael Halbherr, EVPRevenue, US$ 853 Million (at 2007-12-31 prior to takeover)US$ 226 Million (at 2007-12-31 prior to takeover)US$ 173 Million (at 2007-12-31 prior to takeover)US$ 1.
0 Billion (at 2007-12-31 prior to takeover)Variety of employees5,500 (2012 )Website Collaborates: Navteq (styled as 'NAVTEQ') was an American Chicago-based provider of geographical details system (GIS) data and a significant company of base electronic accessible maps. The company was acquired by Nokia in 2007/2008, and completely merged into Nokia in 2011 to form part of the Here company unit.
Overview [modify] Navteq's hidden map database is based on first-hand observation of geographic functions instead of relying on official federal government maps. Read More Here supplies data used in a wide variety of applications, including vehicle navigation systems for many cars and truck makers, representing around 85% of market share. [] Most customers utilize Navteq to offer traffic reports in significant urban areas throughout North America.
Microsoft's air travel game Flight Simulator X usages Navteq information to achieve a high level of visual realism for automated terrain generation. XM Satellite Radio and Sirius Satellite Radio usage Navteq information to show traffic details on navigation systems. Navteq data has actually also been utilized for GPS- and GSM-based sex transgressor tracking systems in North Carolina and Georgia.
Its main competitor was the Dutch business Tele, Atlas now owned by Tom, Tom. Map error dealing with [edit] Map errors are handled utilizing Navteq Map Press reporter, which is referred to as a "community-based online tool for recommending changes to the Navteq map". The Navteq Map Reporter's API makes it possible for producers of devices utilizing Navteq maps to develop in error reporting includes into their products.
Karlin, originally from South Africa, informed interviewers that he started the business after being irritated with a paper map of the San Francisco, California location. He believed 'Would not it be good if I had someone sitting beside me in the automobile who knew the method?' Collins developed a pilot navigation system in the San Francisco area.