Telmap hits profitability and is named 4th fastest growing technology company in Deloitte Israel Technology Fast 50 Awards

LONDON, 20 October, 2010 – Telmap, the original pioneers in mobile location solutions, announces today that in the fourth quarter of 2010 it is making the transition to present profits for the first time. In addition, Telmap is proud to announce that it was named 4th on the 2010 Deloitte Israel Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel.

Telmap is serving today 26 customers globally, and has established a solid reputation for providing a hosted and managed innovative, white label, local search, mapping and navigation solutions that open new business opportunities and generate new revenue streams. Telmap’s flagship solution, Telmap5, is a unique end-to-end solution that includes a mobile location companion, a complementary web companion, and a robust location platform with a set of APIs to support its customers in delivering a strong LBS strategy.  With established relationships with well over 50 content providers, such as NAVTEQ, Lonely Planet, Yellow Pages, Wozzon and many more, Telmap5 provides an ultra-local experience to end users. Telmap is the selected location solution provider of several leading industry players such as Orange FT Group, Vodafone, Vodacom, SFR, O2, Telefonica, SingTel, OPTUS, Cellcom, Pelephone, and more.

“We are excited to be able to announce two achievements that provide further proof of our significant growth. Despite the fact that the mobile LBS industry is facing fierce competitive pressures, especially from industry giants such as Google and Nokia, Telmap has been able to grow and hit profitability due to its strong relationships with its customers, the mobile operators, combined with a winning solution and a strong commitment to bringing long-term, sustainable value to consumers,.” said Oren Nissim, Telmap’s CEO.





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