Networks in Motion acquires TrafficGauge for location-based traffic software
Networks in Motion, creator of location-based applications for mobile phones, announced that it’s purchased real-time traffic map provider TrafficGauge for an undisclosed sum. The Irvine, Calif. company plans to use TrafficGauge’s technology to develop better navigation tools for cell phones, including software that could make route recommendations based on current traffic conditions.
Network in Motion sells its services to carriers like Verizon Wireless. It has raised $15 million in capital to date from Redpoint Ventures, Mission Ventures and Sutter Hill Ventures. TrafficGauge, headquartered in Seattle, did not release a financing amount, but named Kirlan Venture Capital as its primary backer.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.