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Corporate News

Wednesday, October 31st, 2007

Amsterdam Shares Higher at Midday; TomTom Crashes on Garmin’s Tele Atlas Offer

CNN – Amsterdam shares were traded higher at midday, although TomTom crashed as rival Garmin announced an intended 24.50 eur-per-share offer for Tele Atlas. At 12.21 pm, the AEX was up 1.03 points or 0.19 pct higher at 546.28. Government bonds traded lower. TomTom provided the story of the day, falling 14.58 pct to 57.90

Wednesday, October 31st, 2007

REL to Transfer Infrastructure Projects to Separate Arm

PR – The Reliance Energy (REL) board on Tuesday approved a proposal to transfer its infrastructure projects to a separate wholly-owned subsidiary. REL’s infrastructure portfolio consists of roads, bridges, metro rail and real estate projects. The assets transferring will be subject to regulatory approvals, REL said in a statement. Soure: Economic Times

Tuesday, October 30th, 2007

Infotech Enterprises Opens Tech Development Centre in Bangalore

Hyderabad-based IT services firm Infotech Enterprises opened its 1,500-seat development centre in Bangalore. With a built-up area of 240,000 sq ft, the Rs 400 million facility would house Infotech’s engineering design services and is the fourth facility in the country – the other three being in Hyderabad.

Tuesday, October 30th, 2007

Trimble VRS Now Service Launched in Ireland for High-Precision GPS Positioning

PR – Trimble announced the launch of Trimble(R) VRS Now(TM) Service in Ireland. The commercial service provides surveyors, civil engineers and geospatial professionals with instant access to real-time kinematic (RTK) Global Positioning System (GPS) corrections without the need for a base station. Using data from Ordnance Survey Ireland (OSi) and Ordnance Survey of Northern Ireland (OSNI),

Monday, October 29th, 2007

EveryScape Launches

PR – EveryScape isn’t an online world, it’s the world online. EveryScape takes you from the streets to the sidewalks and through the doors of the world’s cities and tours. Letting businesses organizations and consumers build and share their world the way they see it. Read More

Friday, October 26th, 2007

Rolta Announces 44.2% Growth Y-over-Y

PR – Rolta India Limited, one of India’s leading IT companies, specializing in GIS/GeoSpatial Information Systems, Engineering Design and Enterprise Information & Communication Technology, today announced unaudited financial results for the first quarter ended September 30, 2007 and a bonus issue of one share for every one share held.

Friday, October 26th, 2007

NemeriX delivers Industry’s First Scalable Hosted & Stand-alone A-GPS Platform

PR – NemeriX, a leading provider of A-GPS semiconductor solutions, announced today the release of its 4th generation A-GPS navigation platform: the NemeriX NX4. This modular, scalable, hosted & stand-alone A-GPS navigation solution directly targets the strategic roadmaps of mobile handset vendors.  Like the three NemeriX GPS generations which precede it, the NX4 is designed

Friday, October 26th, 2007

Bentley: GIS for Infrastructure

PR – The needs of infrastructure are challenging. There is a need to manage a broad spectrum of diverse information while allowing multi-disciplinary teams to collaborate and use best-of-breed tools in their projects. Infrastructure users need an environment where GIS and CAD functionality are fully integrated, allowing users to work seamlessly across lifecycle phases. Users require

Friday, October 26th, 2007

Alliance with ESRI Forwards Malta’s Goal as Technological Center of Excellence

PR – ESRI has signed a vertical strategic alliance (VSA) agreement with the government of Malta. Signed by the Minister for Investment, Industry, and Information Technology (MIIIT), the agreement states that ESRI and its Maltese distributor, GeoSYS Ltd., will facilitate the use of geographic information system (GIS) technology throughout various sectors of the government and private

Friday, October 26th, 2007

Growing Investment in Indian Infrastructure

(Llive – London-headquartered private equity investor 3i Group Plc. is taking the growth, minority stakes and investment route as an entry strategy into the Indian market. This is complemented by a dedicated focus on infrastructure. The company has just committed $500 million (Rs1,975 crore) for a proposed $1 billion India infrastructure fund, announced last