Mapping Company, Here Buys ATS To Boost Its Over-The-Air Tech
Here, the mapping company that powers location services in 100 million cars, announced an acquisition to vastly improve how it distributes and updates its data. The company is buying Advanced Telematic Systems (ATS), a Berlin-based developer of secure over-the-air (OTA) technology. The financial terms of the deal will be completed by the first quarter of 2018, although other details have not been disclosed.
Founded in 2014 by Armin Schmidt, Dirk Pöschl and Arthur Taylor, ATS had earlier raised over $12 million in the form of equity. ATS partners with international industry alliances of leading automotive OEMs and suppliers, who benefit from ATS’s highly secure and flexible solutions. It is the first cloud-only service provider to be accepted into the German Association of the Automotive Industry (VDA), and spearheads OTA activities inside GENIVI and Automotive Grade Linux (AGL).
OTA Technology, is the basis for how wireless devices — including cars, smartphones and other hardware get their systems updated securely and also, help feed back information to improve how those systems operate. The significance of this deal is that it is about Here getting with the times and continuing to modernize itself.