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Uber Renews Global Maps Deal With TomTom: Growth Thesis Strengthening?
ZACKS· 2026-01-08 14:01
Key Takeaways UBER will integrate TomTom's maps, APIs and live services to enhance global platform operations. The partnership improves routing and fare accuracy at complex locations like airports and stadiums. Anonymized trip data from UBER will feed into TomTom's platform, enhancing real-time map updates.In a customer-friendly move, Uber Technologies (UBER) has renewed its partnership with navigation company TomTom. Following the agreement, Uber will integrate TomTom’s maps, Maps APIs and live services ac ...
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].