Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Get Powerful App Acceleration with Cisco. In a world where time is money, you need to accelerate the speed at which data moves through your data center. Cisco UCS Invicta delivers powerful, easy-to-manage application acceleration for data-intensive workloads. So you can make decisions faster and outpace the competition. Learn More.
Mobile Tech
Next Generation Data Center Is Here!
Average Rating:
Rate this article:  
Google Spent $966 Million on Navigation Company Waze
Google Spent $966 Million on Navigation Company Waze

By Seth Fitzgerald
July 26, 2013 11:22AM

    Bookmark and Share
Earlier this month, analyst Gene Munster announced that Google and driverless car makers will be able to profit off these automobiles before the end of the decade. Although Google will likely not make many cars itself, all of the hardware and software licenses, which could easily incorporate Waze, will be licensed to car companies.
 


After numerous rumors came out suggesting that Google had spent more than $1 billion on Israel-based GPS firm Waze, they have released the official acquisition deal. According to Google's filing with the U.S. Securities and Exchange Commission, $966 million was spent on the company.

Google's quarterly financial report also revealed that $847 million of the deal was on good will, with the rest coming from $188 million in intangible assets and $69 million in liabilities.

Along with purchasing Waze, Google announced that during the quarter it had purchased 15 other companies costing $344 million, bringing the total cost of acquisitions for the quarter to $1.31 billion.

Google's Navigation Future

One of the largest components of Google in the next decade may be its self-driving cars, especially if they become popular. Navigation applications that have a following and are well developed such as Waze will be crucial for Google as it tries to perfect a self-driving car that relies on navigation information.

As states begin to consider automated cars as being safer than a regular driver, they will want to make sure that they can navigate themselves correctly before allowing them on the road. Although the driverless cars use close-range communication to navigate along a road and avoid crashing, their macro transportation is still entirely driven by GPS.

Earlier this month, analyst Gene Munster announced that Google and driverless car makers will be able to profit off these automobiles before the end of the decade. Although Google will likely not make many cars itself, all of the hardware and software licenses, which could easily incorporate Waze, will be licensed to car companies.

The automated car industry is expected to be worth $200 billion, and if Google's navigation software for driverless cars is the best money can buy, then the company will be the major beneficiary when these cars begin to go on the market. As analyst Jeff Kagan states, "It will be years before we know whether it was worth it or not."

Sixteen Acquisitions (continued...)

1  |  2  |  Next Page >

 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Mobile Tech
1.   BBM Now Available on Windows Phone
2.   Smartphone Slowdown Hits Samsung
3.   Virgin Mobile Offers Custom Plans
4.   Asana Revamps Mobile App
5.   FTC Wants Fix for Mobile Cramming


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
New 'Backoff' Malware Slips Undetected into Retail Systems
'Malicious actors' are using a new variety of malware to access consumer payment data remotely through point-of-sale systems, according to a report from the Department of Homeland Security.
 
IBM Beefs Up Identity Intelligence Security Solutions
Big Blue is betting big on identity intelligence. IBM just acquired a private firm with security software to govern user access to apps and data across cloud and on-premise environments.
 
USB Security Flaw Lets Hackers Hijack PCs
Hackers can use the firmware that controls USB functions to take control of computers, say security experts. That means there may be a new class of attack for which there are no defenses.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.