TomTom signs long-term agreement with Microsoft to deliver location technology and collaborate on product innovation
15 Juli 2024 - 7:00AM
TomTom (TOM2), the location technology specialist, today announced
that it is deepening and extending its collaboration with
Microsoft. TomTom’s maps and traffic data will power location-based
services across Microsoft’s solutions, reaching hundreds of
millions of people and organizations daily, and the companies will
closely work together on bringing innovations to market, including
AI-infused products. In addition, TomTom is reaffirming Microsoft
Azure as its preferred cloud provider.
The new agreement reflects TomTom and
Microsoft’s shared commitment to delivering cutting-edge location
technology to businesses and consumers. TomTom powers Azure Maps,
which through the Azure cloud platform, enables enterprises and
developers to incorporate rich mapping and location capabilities
into solutions, ranging from spatial analytics to
internet-of-things and asset-tracking. TomTom’s location technology
is also used in Microsoft’s first-party offerings. AI-powered
search engine Bing, data visualization tool Microsoft Power BI,
Microsoft 365, and others utilize TomTom’s maps and services to
support their location-based features.
To bolster their collective success, TomTom and
Microsoft will collaborate on product innovation, using Microsoft’s
AI prowess and TomTom’s extensive location technology experience to
develop AI-powered solutions for the automotive, logistics, and
broader mobility domains. The companies will jointly pursue
go-to-market initiatives, support customer success, and offer
expert guidance.
“We are excited to strengthen our relationship
with Microsoft. Microsoft is already rolling out TomTom’s Traffic,
based on our new TomTom Orbis Maps, and we look forward to further
supporting them with the freshest and most accurate location data,”
said Harold Goddijn, Chief Executive Officer, TomTom. “Through this
collaboration, we will create innovative, AI-based products that
are set to deliver customer value.”
“Our collaboration with TomTom is built on a
shared vision for location-based customer value,” said Nicholas
Lee, Corporate Vice President, Microsoft Maps & Local. “We’re
pleased about the product innovations that we will be able to bring
to life as part of our continued relationship, with the added
support of Microsoft’s AI technologies. By hosting their services
in Microsoft Azure, TomTom’s location technology interfaces
seamlessly with our services, benefiting customers across
industries.”
TomTom and Microsoft have been working together
since 2016, with TomTom powering Microsoft’s Azure Maps location
services, and the companies later expanding their cooperation to
mapping data and services for Microsoft’s first-party offerings. As
a natural evolution of their relationship, the companies have also
been collaborating on automotive solutions, driving innovation for
generative AI-powered automotive solutions, and developing an
in-vehicle digital cockpit and infotainment solution with cloud
analytics.
About TomTom:
Billions of data points. Millions of sources.
Hundreds of communities.
We are the mapmaker bringing it all together to
build the world’s smartest map. We provide location data and
technology to drivers, carmakers, businesses, and developers. Our
application-ready maps, routing, real-time traffic, APIs and SDKs
enable the dreamers and doers to shape the future of mobility.
Headquartered in Amsterdam with 3,700 employees
around the globe, TomTom has been helping people find their way in
the world for over 30 years.
www.tomtom.com
For further information:
Media Relations
mediarelations@tomtom.com
Investor Relations
ir@tomtom.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5999bbb5-ab83-4f3b-9099-6e832c9c2777
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