Telenav acquires NY TechStars grad ThinkNear for $22.5M

TechStars New York grad ThinkNear began life as a yield management tool but turned into a hyperlocal ad company, helping advertisers precisely target consumers. Now, it’s being acquired by navigation provider Telenav for $22.5 million.

Is Geo-Local the Answer to the Local Advertising Quandary?

Local advertising is web’s ultimate chimera, but things can be different when you combine geo-location with an offer-based, needs-based advertising system. A slew of companies — TeleNav and Poynt being the latest — are trying to capture the billions of dollars that come with “foot streams.”

Running Late? OnMyWay Sends Alerts For You

Navigation service TeleNav has introduced the OnMyWay app today for the iPhone and Android platforms. OnMyWay sends email alerts notifying folks when you are getting close to arriving for a meeting. More importantly, the app will automatically send alerts when you are running late.

TeleNav Green-Lights IPO But Hits Speed Bumps

On TeleNav’s opening day on the stock market, its shares were up nearly 30 percent, but the company had to slash its expectations in order t…