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December 21, 2006
VC-Backed Navigon Acquires Software Biz From Navteq
Navigon, a German developer of software for portable navigation, has acquired Navteq's navigtaion software business - to make it easier to develop products for the automotive market in-house. No financial terms were disclosed. The two organizations have been working together for some time now, according to a joint press release.
Navigon is backed by General Atlantic Partners and has been slated for an IPO in Germany. Will this be the last deal before the float?
Posted on December 21, 2006 07:04 AM | Posted to News And Updates | Permalink
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