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Uber Renews Global Maps Deal With TomTom: Growth Thesis Strengthening?
ZACKS· 2026-01-08 14:01
Core Insights - Uber Technologies has renewed its partnership with TomTom to integrate its maps, APIs, and live services into Uber's global platform, enhancing routing, fare calculations, and accuracy in complex locations [1][10] - The collaboration will utilize anonymized data from Uber trips to improve TomTom's mapping services, creating a feedback loop for real-time updates on road conditions [2][10] - This partnership builds on a long-standing relationship that began in 2015, with both companies exploring new location-based tools to enhance user experience [3] Company Developments - Uber's previous attempt to acquire Nokia's HERE mapping division for approximately $3 billion in 2015 was unsuccessful, leading to the partnership with TomTom [4] - Following the failed acquisition, Uber also acquired Microsoft's Bing Maps imagery division, which brought in talent and street-level data for autonomous vehicle development [5] Financial Performance - Uber's shares have decreased by 10.8% over the past six months, contrasting with a 69.6% growth in the Zacks Internet-Services industry during the same period [6] - The company currently trades at a 12-month forward price-to-sales ratio of 2.94X, indicating it is relatively inexpensive compared to its industry, with a Value Score of D [9] Earnings Estimates - The Zacks Consensus Estimate for Uber's earnings for the fourth quarter of 2025 and full-year 2025 has seen upward revisions over the past 60 days, indicating positive sentiment [12]
TomTom and Uber strengthen ties to enhance on-demand travel experiences globally
Globenewswire· 2026-01-06 06:30
Core Insights - TomTom and Uber have renewed their partnership to integrate TomTom's mapping technology into Uber's global platform, enhancing the overall user experience [1][4] Group 1: Partnership Details - The integration of TomTom's maps and APIs will improve Uber's routing, fare calculations, and accuracy in pick-up and drop-off locations, particularly in complex environments like airports and transit stations [2] - This partnership aims to reduce travel time and uncertainty, thereby enhancing the reliability of the service for both drivers and riders [2] Group 2: Data Integration and Feedback Loop - TomTom's mapping platform processes billions of data points from thousands of sources to keep maps updated, creating a feedback loop where real-world data from Uber trips is used to enhance TomTom's maps [3] - This continuous integration of data leads to improved updates on roads, turn restrictions, and closures, benefiting users of both companies [3] Group 3: Strategic Goals - Both companies are exploring new opportunities to introduce additional location-based tools, which will further expand Uber's capabilities and enhance user experience [4] - TomTom aims to position itself as a leader in location technology by providing accurate and fresh data through this partnership [4]
TomTom and Uber strengthen ties to enhance on-demand travel experiences globally
Globenewswire· 2026-01-06 06:30
Core Insights - TomTom and Uber have renewed their partnership to integrate TomTom's mapping and location technology into Uber's global platform, enhancing the overall user experience [1][4] Group 1: Partnership Details - The integration of TomTom's maps and APIs will improve Uber's routing, fare calculations, and accuracy in pick-up and drop-off locations, particularly in complex environments like airports and transit stations [2] - This partnership aims to reduce travel time and uncertainty, thereby enhancing operational efficiency for Uber [2] Group 2: Data Integration and User Experience - TomTom's mapping platform processes billions of data points from thousands of sources to keep maps updated, creating a feedback loop where real-world data from Uber trips enhances TomTom's maps [3] - This continuous data integration results in improved updates on roads, turn restrictions, and closures, benefiting users of both companies [3] Group 3: Strategic Statements - Uber's Vice President of Product emphasized the importance of accurate mapping for delivering a fast and intuitive experience across their platforms, expressing excitement about the ongoing partnership with TomTom [4] - TomTom's Chief Revenue Officer highlighted the provision of a full suite of datasets and services to enhance Uber's location-enabled solutions, reinforcing TomTom's position as a leader in location technology [4] Group 4: Future Opportunities - Both companies are exploring new opportunities to introduce additional location-based tools, which will further expand Uber's capabilities and enhance the overall user experience [4]
IFS selects TomTom’s location technology to enhance planning and scheduling solutions
Globenewswire· 2025-05-15 05:30
Core Insights - TomTom has been selected by IFS to enhance their Planning and Scheduling Optimization (PSO) platform, which will improve route calculations and travel time estimations for asset- and service-intensive industries globally [1][2]. Company Overview - TomTom specializes in location technology, providing maps, traffic data, and routing algorithms to enhance operational efficiency for businesses [4][5]. - IFS is a leading provider of Industrial AI and enterprise software, focusing on enhancing productivity and sustainability for businesses that manufacture goods and manage service operations [6][8]. Collaboration Benefits - The integration of TomTom's location technology into IFS's PSO solution allows for better optimization of travel distances, costs, and time, leading to improved service levels and customer satisfaction [2][3]. - The collaboration aims to enhance the consistency and reliability of mapping data, resulting in greater automation and efficiency for IFS customers [3]. Technological Features - IFS's PSO solution addresses challenges in Field Service Management by efficiently processing customer requests and optimizing staff assignments and travel costs [2][7]. - TomTom's robust global map coverage and traffic-aware routing services significantly enrich the planning experience for IFS customers [3]. Historical Context - IFS was founded in 1983 and has grown into a global leader with over 7,000 employees in 80 countries, emphasizing agility and customer-centricity [8]. - TomTom has been shaping the future of mobility for over 30 years, employing 3,600 people worldwide [5].