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Strategic Deal to Bolster Telcontar’s Position as the Premier Software Platform for Location-Based Services

Telcontar, the provider of the premier software platform for location-based services, today announced it has acquired the assets of wireless location-based service provider Gravitate. As part of the deal, Telcontar received the company’s source code and hired key engineering staff. Gravitate is best known for its software platform that supports mobile-to-mobile and static-to-mobile services deployed on wireless devices. This technology enables the real-time management of the wireless subscriber location information, as well as location-based advertising and commerce. It also allows for the development of next generation applications such as instant messaging, matchmaking, and mobile gaming that are based on users’ proximity to other users.


"Telcontar recognized a wonderful synergy between our existing technical expertise and that of Gravitate," said Eric Carlson, president and CEO of Telcontar. “Gravitate’s ability to extract data from moving points through its database technology complements our map-focused approach extremely well. Applications that can use the Gravitate technology for LBS include real time traffic monitoring, asset management tracking, push advertising, emergency response and vehicle security. The combined result is Telcontar can offer its customers the most comprehensive software platform for location-based services currently available.”


Telcontar is the provider of the premier software platform for location-based services, and its customers include Wingcast, ATX Technologies, and Vicinity. Companies use Telcontar’s products to offer their customers location-based services such as driving directions, real-time traffic information, and maps.


These services are also used by emergency response call centers as well as for fleet tracking and dispatch. Telcontar's clients are primarily companies in the vehicle telematics and wireless fields. The company has been in business since 1996 and has been funded solely by its partners and angel investors rather than traditional venture capitalists.


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About Telcontar


Telcontar is the provider of the premier software platform for location-based services. Telcontar’s clients use its Drill Down ServerÔ to offer their own customers such services as driving directions, real-time traffic information, and maps. Telcontar’s services are also used by vehicular or personal emergency response call centres as well as for fleet tracking and dispatch. The company specialises in integrating digital maps with traditional database content drawn from multiple sources.


In March 2001, Telcontar secured .5m of second round funding from a consortium of companies led by Ford Motor Company.


Telcontar is privately held and headquartered in San Jose, California with field offices in Los Angeles, Dallas and the United Kingdom.


TRADEMARKS: Telcontar and Drill Down Server are trademarks or registered trademarks of Telcontar. All other product names are trademarks or registered trademarks of their respective holders.



For more information visit: http://www.telcontar.com or call:


Graham Page
Telcontar
Tel: + 44 1582 635015
Email: gpage@telcontar.com


Andreina West/Mary Phillips
PR Artistry Ltd
Tel: +44 1491 636191
email: andreina@pra-ltd.co.uk



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