Intel Acquires Location-Based Services Provider

  • October 3, 2011

October 3, 2011- Reuters reports that Intel will acquire location-based services provider, Telmap. Reuters cites Israeli media sources that report that Intel is paying between $300-350 million to acquire the company. According to Reuters,  “Telmap, which offers location-based services to provide details on traffic data, speed cameras and local offerings, expects to post revenue of $33 million in 2011 and be profitable for the second consecutive year.”  Telmap’s offerings include location-aware coupons.  RPX recently acquired a portfolio related to the location-based content delivery, Geocom.


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