Technology

Inrix Inc., a traffic-information provider backed by venture investors, is moving toward an initial public offering that may value the enterprise at more than $1 billion, Chief Executive Officer Bryan Mistele said.

Satellite navigation system maker TomTom is considering delisting from the Amsterdam stock exchange, business magazine Management Team said.

Intel Capital is announcing a $100 million fund to invest in the future of car technology. The Intel Capital Connected Car Fund is aimed at turning the web-connected automobile into a reality.

Yandex announced its financial results for the fourth quarter and the full year ended December 31, 2011.

Last week Toyota announced to be the first car manufacturer in the UK to provide TPEG traffic information service using DAB technology (digital radio). The service is provided by INRIX (formerly known as ITIS)

In 2011, demand for mobile phones once again increased in Europe, largely as a result of the rising popularity of smartphones. According to GfK, 3.2% more mobile phones were sold in 2011, in particular the sales of smartphones increased by 67%.

(Reuters) - Google Inc received U.S. antitrust approval to buy Motorola Mobility, a deal aimed at building up an arsenal of patents, and an Apple-led consortium also received the go-ahead to purchase a trove of patents from bankrupt Canadian company Nortel Networks, the Justice Department said.

Mediamobile, which provides real-time traffic data in France, the Nordics and Poland has announced it is integrating Floating Cellular Data from wireless operator Orange France.

Among many companies exhibiting sport and fitness consumer electronics products at the CES trade show was Gobandit, an almost three years old start-up that designs and sell GPS-enabled action cameras for extreme sport enthusiasts.

If the CES show earlier this year was anything to go by, off-board connectivity is currently one of in-car infotainment’s hot topics.

Joining the ranks of carmakers offering an ever-increasing range of telematics services, Kia’s new e-Services

Apple's reported purchase of another 3D mapping company is further evidence it will inevitably reinvent its maps solution on its mobile devices and move away from Google.

Google has selected INRIX’s Real-time Traffic to help power its navigation and mapping applications.

NAVTEQ has announced yesterday an agreement with the Russian network radio station Autoradio (Prof Media Broadcasting Corporation) to distribute real-time traffic information via Radio Data System (RDS).

Traffic information supplier INRIX announced a $60 million offer for the acquisition of its competitor, British ITIS Holdings plc. Upon approval by ITIS shareholders, the deal is expected to close in late August 2011, said INRIX. the Seattle company announced earlier this week a fund raising of $37 million to fund “acquisitions“.

How this will happen:

According to German daily newspaper Financial Times Deutschland, Garmin has entered into exclusive talks to buy German navigation software supplier Navigon. The price is estimated around €50 million, wrote the newpaper according to a source involved with the deal. The sale could happen in June.

Nokia announced the launch of the Car Connectivity Consortium, a new industry body gathering car and phone makers working on common industry standards.

Viettel, the Vietnamese telecommunications company, will invest about $600 million in Ukraine to launch broadband Internet access,

“To apply for tickets for UEFA EURO 2012 you need to create a personal account” – from UEFA EURO 2012 ticket portal. It means you should leave a lot of personal info about you, including Date of Birth and Passport or ID card number. And after you should agreed with following: