Company Overview

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Status:
Acquired by Nokia
Founded:
1985
Headquarters:
Chicago Heights, IL
IPO:
Went Public on Aug 6, 2004
Stock:
NVT
Categories:
Software
Description:
NAVTEQ develops digital map, traffic and location data for navigation and location-based platforms in North America and Europe.

Detailed Description

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NAVTEQ Corporation develops and delivers digital map, traffic, and location data for navigation and location-based platforms in North America and Europe. It offers driver assistance systems; and NAVTEQ Discover Cities, which combines pedestrian thoroughfares, such as sidewalks, walkways, tunnels, and bridges with time-sensitive public transit system information to enable multi-modal routing.

The company also provides NAVTEQ Voice, which enables systems to speak commands through speech synthesis and allows automatic speech recognition; NAVTEQ digital map database that provides a point of interest database; and a GPS application that provides real-time traffic data via NavTeq Traffic for iPhones in the United States and Canada.

In addition, it offers customer program management, technical content support, technical software support, and distribution services. The company's maps provide representation of a road network, including turn restrictions, physical barriers and gates, one-way streets, restricted access, and relative road heights.

Its digital map information is used in automotive navigation systems, portable and wireless devices, Internet-based mapping applications, and government and business solutions, as well as by enterprises and system vendors.

NAVTEQ Corporation was formerly known as Navigation Technologies Corporation and changed its name to NAVTEQ Corporation in 2004. The company was founded in 1985 and is headquartered in Chicago, Illinois with additional offices in the United States and internationally. As of July 10, 2008, NAVTEQ Corporation operates as a subsidiary of Nokia Inc.

Current Team (1)

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Past Team (27)

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Investments (1)

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Acquisitions (1)

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Offices/Locations (1)

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  • Headquarters

    425 West Randolph Street

    Chicago Heights, IL 60606

    USA

Images (1)

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  • 79e3d72cb9576a58aca39c2bde750e00