Telenav Closes Sale of Enterprise Business
SUNNYVALE, Calif., April 17, 2013 (GLOBE NEWSWIRE) -- Telenav®, Inc.
(Nasdaq:TNAV), the leader in personalized navigation, announced today that,
pursuant to an agreement previously announced, it has closed its sale of the
Telenav enterprise business unit to FleetCor Technologies Operating Company,
LLC, effective April 16, 2013.
About Telenav, Inc.
Telenav's mission is to help make people's lives less stressful, more
productive, and more fun when they are on the go. Our personalized navigation
services help people make faster and smarter daily decisions about where to
go, when to leave, how to get there, and what to do when they arrive.
We aim to be everywhere people need us. Our partners are wireless carriers,
automobile manufacturers, app developers, advertisers and advertising
agencies. Our carrier and automotive partners include AT&T, Bell Mobility,
Boost Mobile, Ford, NII Holdings, QNX Software Systems, Rogers, Sony, Sprint
Nextel, Telcel, T-Mobile U.S., U.S. Cellular, Vivo Brazil and YP. You can also
find us in mobile app stores and on the web at www.telenav.com and
Follow us on Twitter at www.twitter.com/scout or on Facebook at
Copyright 2013 Telenav, Inc. All Rights Reserved.
"Telenav," "Scout," the Telenav and Scout logos, "telenav.com" and "scout.me"
are registered and unregistered trademarks and/or service marks of Telenav,
Unless otherwise noted, all other trademarks, service marks, and logos used in
this press release are the trademarks, service marks or logos of their
CONTACT: Media Contact:
Mary Beth Lowell
Cynthia Hiponia and Alice Kousoum
The Blueshirt Group for Telenav, Inc.
Telenav, Inc. Logo
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