Wednesday, June 1, 2005

Siemens Venture Capital Invests in Global Locate

Siemens Venture Capital has made a multimillion-dollar investment in Global Locate, a start-up offering Assisted Global Positioning Systems.

Global Locate is focused on the emerging market for Location Based Services (LBS) by marketing a portfolio of Assisted-GPS semiconductor solutions, network products and services. Siemens plans to integrate Global Locate's A-GPS technologies into its new solution for A-GPS.

The company is headquartered in San Jose and has sales offices in the New York metropolitan area, Tokyo and Madrid.

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