TomTom was founded in 1991 with a focus on developing software products for mobile devices. The founders Peter-Frans Pauwels, Pieter Geelen, Harold Goddijn and Corinne Vigreux are all currently still working within TomTom. Our founders had the drive and vision to help grow TomTom from a small start-up to the multinational, blue chip listed company it is now.
In our first decade, TomTom focused on developing a number of business-to-business applications for mobile devices such as bar-code reading, meter reading and order-entry systems, before shifting focus to developing consumer software products for personal digital assistant devices (PDAs). By 1998, we had established ourselves as a market leader in PDA software, creating a number of consumer applications for PDAs, such as our EnRoute (later renamed RoutePlanner) and Citymaps navigation applications.
In 2001, as more accurate GPS satellite readings became available, we recognised that in-car navigation presented a major opportunity for innovation. Our first navigation product for PDAs, the TomTom Navigator, was launched in 2002. This product was sold as an add-on application for third-party PDAs and included a GPS receiver and car-cradle. We promoted and distributed this product across Europe, which allowed consumers to buy a fully functioning navigation system at a much lower price than previously available factory-installed and dealer-fitted systems.
By now we saw a gap in the market for an affordable, easy-to-use car navigation system that integrated all the components of a navigation system in one portable device. In 2003, we made a strategic decision to adapt our core software architecture to operate both on our new hardware products and also across a wide variety of third-party hardware platforms and operating systems. We recruited an experienced hardware team to develop an all-in-one navigation product as the potential for portable navigation devices was clear to us.
TomTom was founded in 1991
TomTom listed in 2005 on the Amsterdam Stock Exchange
In 2010, TomTom reported €1.5 billion in revenues and a €210 million net cash flow from operating activities
Our maps cover 104 countries and territories and 34.8 million kilometers of road across the globe
We have four customer facing business units: Consumer, Automotive, Business Solutions and Licensing
We have a 17% share in 2010 of Europe's in-dash automotive navigation market
More than one million TomTom customers have connected PNDs giving them access to services such as HD Traffic, local search and weather
Our LIVE Services are available in 34 countries across Europe plus South Africa, New Zealand and the US
Our PND market share in Europe is 45% (Q2 2011)
Our PND market share in North America is 21% (Q2 2011)
Our Business Solutions unit is Europe's fastest growing telematics service provider for fleet management solutions
In our first decade, TomTom focused on developing a number of business-to-business applications for mobile devices such as bar-code reading, meter reading and order-entry systems, before shifting focus to developing consumer software products for personal digital assistant devices (PDAs). By 1998, we had established ourselves as a market leader in PDA software, creating a number of consumer applications for PDAs, such as our EnRoute (later renamed RoutePlanner) and Citymaps navigation applications.
In 2001, as more accurate GPS satellite readings became available, we recognised that in-car navigation presented a major opportunity for innovation. Our first navigation product for PDAs, the TomTom Navigator, was launched in 2002. This product was sold as an add-on application for third-party PDAs and included a GPS receiver and car-cradle. We promoted and distributed this product across Europe, which allowed consumers to buy a fully functioning navigation system at a much lower price than previously available factory-installed and dealer-fitted systems.
By now we saw a gap in the market for an affordable, easy-to-use car navigation system that integrated all the components of a navigation system in one portable device. In 2003, we made a strategic decision to adapt our core software architecture to operate both on our new hardware products and also across a wide variety of third-party hardware platforms and operating systems. We recruited an experienced hardware team to develop an all-in-one navigation product as the potential for portable navigation devices was clear to us.
TomTom was founded in 1991
TomTom listed in 2005 on the Amsterdam Stock Exchange
In 2010, TomTom reported €1.5 billion in revenues and a €210 million net cash flow from operating activities
Our maps cover 104 countries and territories and 34.8 million kilometers of road across the globe
We have four customer facing business units: Consumer, Automotive, Business Solutions and Licensing
We have a 17% share in 2010 of Europe's in-dash automotive navigation market
More than one million TomTom customers have connected PNDs giving them access to services such as HD Traffic, local search and weather
Our LIVE Services are available in 34 countries across Europe plus South Africa, New Zealand and the US
Our PND market share in Europe is 45% (Q2 2011)
Our PND market share in North America is 21% (Q2 2011)
Our Business Solutions unit is Europe's fastest growing telematics service provider for fleet management solutions
