Telenav Acquires skobbler, the Leader in OpenStreetMap-based GPS Navigation

Telenav Acquires skobbler, the Leader in OpenStreetMap-based GPS Navigation

Crowd-sourced mapping and navigation gives Telenav big boost

Telenav announced on Thursday that it has acquired skobbler for $23.8 million in a combination of cash and stock. Based in Germany, skobbler heads up a crowd-sourced OpenStreetMaps application which employs data supplied by the public. Think in terms of Wikipedia for maps; it’s very accurate, highly detailed, and constantly updated. As we might expect, Telenav plants to incorporate skobbler and its team into navigation and map tools, particularly Scout. 

“By joining our efforts with skobbler, we will build on our combined successes to bring the best mapping and navigation services to our customers around the world. The benefits of an open source model will provide an enormous opportunity to change the economic models of navigation and other location-based services.”

Telenav Acquires skobbler, the Leader in OpenStreetMap-based GPS Navigation.

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Scott Webster
Scott Webster 6577 posts

Scott has been running AndroidGuys since 2007 and loves nothing more than reading up on the latest smartphone rumors. His other mobile efforts can be found on Android Update (CNET) where he covers Google's mobile platform.

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