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Telenav Acquires Open-Source Mapmaker Skobbler

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Jan 31, 2014, 8:35 AM by Eric M. Zeman

Telenav has acquired Skobbler for $23.8 million in cash and stock. Skobbler, which is based in Germany, runs a crowd-sourced OpenStreetMaps application. OpenStreetMaps uses data supplied by the public to help create the most accurate and up-to-date maps possible. Telenav expects to add Skobbler and its development team to its own mapping and navigation products, including Scout. Scout often appears as a preloaded app on Sprint smartphones.

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