Tele Atlas Closes Funding and Finalizes Acquisition of GDT

'S-HERTOGENBOSCH, Netherlands & MENLO PARK, Calif.—(BUSINESS WIRE)—July 7, 2004— Tele Atlas N.V. announced today that its North American subsidiary, Tele Atlas North America, Inc., has closed the financing proposal it received in April 27, 2004, for $210 million (approximately EUR 175 million). This funding is from a consortium led by Oak Investment Partners ("Oak") and New Enterprise Associates ("NEA"), and includes TeleSoft Partners, Meritech Capital and IAM.

With the close of funding July 6, 2004, Tele Atlas will finalize its acquisition of Geographic Data Technologies (GDT) July 7, 2004.

"We are thrilled to finalize these transactions and are looking forward to bringing together these two great organizations to deliver added benefits and services to our customers and the industry at-large," said George Fink, president and COO of Tele Atlas.

About Tele Atlas

Founded in 1984, Tele Atlas is a worldwide leading provider of digital maps and dynamic location content for a variety of navigation, location-based services and geospatial products and database solutions. Tele Atlas' database is a highly accurate reproduction of today's street network, enabling turn-by-turn route guidance on a high percentage of European, U.S. and Canadian roads. Tele Atlas' compatibility with major navigation systems and its open system design have placed the company's technology at the heart of both consumer and business-to-business applications worldwide. From logistics to marketing to traffic and fleet management, in almost every sector of today's business and consumer world, Tele Atlas has built a reputation as an acknowledged pioneer and leader in the digital map industry. For more information, please visit www.na.teleatlas.com (in North America) or www.teleatlas.com (in Europe).



Contact:
Tele Atlas
Krista Carlson, 650-833-5388 (Public Relations)

Email Contact
Jasper Vredegoor, +31 73 640 21 70 (Investor Relations)

Email Contact



Review Article Be the first to review this article
Rand3D

Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
First Look At SOLIDWORKS 2018
Jobs
Analyst Programmer for Palm Beach County at West Palm Beach, FL
Mapping & GIS Sales Rep for California Surveying & Drafting Supply at Sacramento, CA
Architectural Designer for Champion Home Builders at Troy, MI
Upcoming Events
ATE SOLIDWORKS Innovation Day 2017 at LIFELONG LEARNING INSTITUTE LEVEL 2 @ 11 EUNOS ROAD 8 SINGAPORE Singapore - Oct 5, 2017
Additive Manufacturing Conference 2017 at Knoxville Convention Center 701 Henley Street Knoxville TN - Oct 10 - 12, 2017
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
Kenesto: 30 day trial
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise