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Summary:

After taking a stake in location-based mobile ad firm Acuity Mobile last year, Nokia’s own mobile mapping and ad unit NAVTEQ, has followed u…

Acutiy Navteq

After taking a stake in location-based mobile ad firm Acuity Mobile last year, Nokia’s own mobile mapping and ad unit NAVTEQ, has followed up with an outright acquisition. Financial terms were not disclosed, but an SEC filing reveals that NAVTEQ’s initial stake was worth at least $2.8 million. Acuity had raised $1 million in funding from unnamed investors in 2007.

NAVTEQ had been licensing Acuity’s technology, which covers SMS, mobile web and app-based ads, for a number of years; the companies declined to comment on whether Acuity Mobile will retain its own branding or be folded into NAVTEQ (NYSE: NVT). Release.

  1. Definitely a good, strategic purchase by Nokia. There are only a handful of good LBS enabled mobile advertising & marketing platforms out there with as many years of experience.

  2. Murat Aktihanoglu Tuesday, September 15, 2009

    A great acquisition. We are the first company that deployed Navteq's LocationPoint platform (which is using Acuity's technology) and we are very happy with the performance and results of LocationPoint.
    best,
    Murat Aktihanoglu
    Founder and CEO
    Centrl Inc.
    http://centrl.com

  3. Keep an eye on the My Coupons app on the Google Android marketplace if you are interested in location-based advertising.

  4. Don't miss the My Coupons app if you like location-based ad platforms. We're getting thousands of new users each day over on the Google Android market:
    http://www.android.com/market/free.html#app=mycoupons

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