History
The company was founded 1991. Navigon has introduced several "firsts" to the GPS navigation market. In 2000, Navigon launched the industry's first navigation software for the Pocket PC. With the introduction of Traffic Message Channel-based (TMC) traffic avoidance features in 2002, Navigon became the first to offer such a feature on a consumer GPS product.
In 2005 private equity firm General Atlantic bought a minority interest in the company in order to provide capital for expansion. Peter Scheufen continues to have majority ownership. In 2006 Navigon acquired Navteq's navigation software business. After primarily catering to the European market, in 2004 Navigon directly entered the North American market by forming a subsidiary, Navigon Inc. headquartered in Chicago, IL.
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