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. http://www.siemensventurecapital.com
http://www.globallocate.com
