Tele Atlas Closes Funding and Finalizes Acquisition of GDT.'S-HERTOGENBOSCH, Netherlands & MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif. -- Tele Atlas N.V. announced today that its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. subsidiary, Tele Atlas North America, Inc., has closed the financing proposal it received in April 27, 2004, for $210 million (approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 175 million). This funding is from a consortium led by Oak Investment Partners ("Oak") and New Enterprise Associates ("NEA NEA abbr. 1. National Education Association 2. National Endowment for the Arts NEA (US) n abbr (= National Education Association) → Verband für das Erziehungswesen "), and includes TeleSoft Partners, Meritech Capital and IAM IAM - Interactive Algebraic Manipulation. Interactive symbolic mathematics for PDP-10. ["IAM, A System for Interactive Algebraic Manipulation", C. Christensen et al, Proc Second Symp Symb Alg Manip, ACM Mar 1971]. . With the close of funding July 6, 2004, Tele Atlas will finalize its acquisition of Geographic Data Technologies (GDT GDT Global Descriptor Table GDT Geographic Data Technology Inc. GDT Gas Discharge Tube (energy, electrotechinical and electronics) GDT Getting Things Done GDT Geometric Dimensioning & Tolerancing GDT Ground Data Terminal ) 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). |
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