September 26, 2016 5:28 AM ET

Internet Software and Services

Company Overview of HERE Holding Corporation

Company Overview

HERE Holding Corporation develops and provides internet-based maps and other location content for navigation, location-based services, and mobile advertising applications around the globe. Its content is used in automotive navigation systems, portable and wireless devices, Internet-based mapping applications, and government and business solutions. The company also provides technical services, including strategic program management, technical customer support, system assessment testing, and customer engineering; and support services, which include distribution and marketing services. Its solutions are used by engineers and application developers, wireless (cellular) and Internet navigation se...

425 West Randolph Street

Chicago, IL 60606

United States

Founded in 1985

3,349 Employees

Phone:

312-894-7000

Fax:

312-894-7050

Key Executives for HERE Holding Corporation

Executive Vice President of NAVTEQ Sales
Age: 52
Principal Accounting Officer, Vice President and Corporate Controller
Senior Vice President of Asia Pacific Sales
Age: 64
Senior Vice President of Human Resources
Age: 65
Vice President of Business Development - Quality & Flight Safety
Compensation as of Fiscal Year 2016.

HERE Holding Corporation Key Developments

Robert Bosch Eyes HERE

Robert Bosch GmbH is considering investing in HERE Holding Corporation s part of a strategy to expand electronic offerings including automated driving. Audi said last week that talks with several potential partners are under way, and Chief Executive Officer Rupert Stadler said in March that the luxury-car producer would be willing to reduce its share in the joint venture to bring new stakeholders on board.

Several Entities Eyes HERE

Several entities plan to acquire stake in HERE Holding Corporation. AUDI AG (DB:NSU), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) and Daimler AG (XTRA:DAI) are in talks with Amazon.com, Inc. (NasdaqGS:AMZN) and Microsoft Corporation (NasdaqGS:MSFT). The transaction could lead to the tech giants taking minority stakes in the HERE digital mapping service, a senior Daimler executive said. The car makers have begun approaching tech firms and other auto makers about joining the venture as strategic investors. “We are talking to Amazon, Microsoft and many auto makers,” Thomas Weber, a Daimler board member in charge of research and development, said. “We need a cloud provider to handle the huge amounts of data created by HERE and its users. We haven’t taken any decisions yet.” Weber said talks were still at an early stage and that a decision about opening the digital mapping service to new investors would likely be taken sometime in 2016. Market Watch added that Amazon wasn’t immediately available for comment. HERE and Microsoft declined to comment.

Firms Reportedly Eyeing HERE

Continental Aktiengesellschaft (DB:CON) may acquire HERE Holding Corporation. Amazon.com, Inc. (NasdaqGS:AMZN) is also keeping an eye on HERE. One source stated that Amazon would take a stake as part of a broader deal to lock them in as a provider of cloud computing services. According to the news report, Microsoft, which is in talks to supply cloud computing to HERE, declined to comment while Amazon did not respond to requests to comment. Continental said recently that a decision on whether to buy a stake in HERE would be made within the next few months. Ford Motor Co. (NYSE:F) is also among the companies interested in taking a stake in the HERE consortium, an auto industry source said. According to the report, asked whether Ford was in talks with the group about taking a stake in HERE, a spokesman for the company said, “We have been and will continue working with many companies and discussing a variety of subjects, “ and he declined further comment.

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