Mapmaker AND forms Joint Venture with Indian SatNav
(Thomson Reuters ONE) -
AND will get access to the comprehensive digital map of India
Rotterdam, 19 May 2011 - Mapmaker AND today announced to set up a Joint Venture
with SatNav Technologies. The Joint Venture gives AND the opportunity to further
grow presence in an increasingly significant emerging market. AND will offer the
digital map of India to existing and new customers all over the world.
AND Chief Executive Officer Maarten Oldenhof says "India has always been of
strategic interest to us, with its largely untapped Location Based Services
market. It represents a growing opportunity for us. This Joint Venture now gives
us the increased thrust in the region, give more value to our customers."
SatNav Technologies will get access to the best mapping technologies in the
world from AND and upgrade their Indian map IP in line with the standards
followed worldwide. AND will get access to SatNav's map data of India. It is
exhaustive, covering over 1000 cities and millions of point of interest apart
from a comprehensive highway network. The Joint Venture can also be used to do
in-house, work that earlier used to be outsourced to other companies in the
country.
Amit Kishore Prasad, Founder MD & CEO, SatNav Technologies said, "This is a very
strategic Joint Venture which will herald the beginning of SatNav's efforts at
integrating with the global GPS markets."
About AND
AND provides digital maps for location-based services and is the only
independent company in the global mapping market. The company focuses on the
further development of its advanced digital maps to position itself even more
effectively in the market. AND was founded in 1984 and is listed on NYSE
Euronext Amsterdam AND. (http://www.and.com)
About SatNav Technologies
Incorporated on January 9, 2004, SatNav Technologies is a pioneer in GPS
Navigation since 2005, Market leader today. SatNav's products include an
immensely popular GPS Navigation Product SatGuide available at hundreds of
stores all over the country including leading retailers like Croma, EZone,
Reliance, ABRL, Staples among others - that is helping customers "Never Get
Lost!". Variants include Navigation solutions for dedicated navigation devices,
PDAs, Phones, Laptops, Desktops, SatGuide Logger among others. Also in SatNav
portfolio are unique products; a Business Infrastructure Management System, a-
mantra; and an online directions portal Roadsofindia.com, SatTracx Locator for
mobiles, Child Phone as well as Personal Trackers and now Live Traffic Info.
For more information
Contact AND: Maarten Oldenhof (CEO), Tel.: +31 10 8851200 or check www.and.com.
Contact SatNav: Srinivas Ram, Sloka PR, (M) +91 9000793986, srinivas(at)slokapr.com
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originality of the information contained therein.
Source: AND International Publishers via Thomson Reuters ONE
[HUG#1516974]
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2011 - 07:02 Uhr
Sprache: Deutsch
News-ID 54814
Anzahl Zeichen: 3569
contact information:
Town:
Rotterdam
Kategorie:
Business News
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