
TomTom
#6807
Rank
$657.13M
Marketcap
Netherlands
Country

Mr. Harold C. A. Goddijn (Co-Founder, Chairman of the Management Board & CEO)
Mr. Taco J. F. Titulaer (Member of Management Board & CFO)
Mr. Alain De Taeye (Member of the Management Board)
Summary
History
The company was founded in Amsterdam in 1991 as Palmtop Software, by Corinne Vigreux, Peter-Frans Pauwels and Pieter Geelen. The company focused on corporate handheld device software before focusing on the consumer market and releasing the first route planning software for mobile devices in 1996. Software was developed mainly for Psion devices and the company was one of the largest developers of Psion software in the late 1990s. Palmtop also worked with Psion in the development of EPOC32. Software was also developed for Palm and Windows CE devices.In 1999, Vigreux's husband, Harold Goddijn left Psion Netherlands, for which TomTom made software and where Vigreux was previously sales director, to join TomTom. He had previously invested in TomTom. In 2001, the company's brand name changed to TomTom, while its legal name was also changed by 2003.
On 27 May 2005, TomTom listed on the Amsterdam Stock Exchange, valuing the company at nearly €50 million.In September 2005 TomTom acquired Datafactory AG, a telematics service provider based in Leipzig. Datafactory AG employed around 30 people and realized a turnover of approximately €5 million in 2004 and a small net profit.In January 2006, TomTom acquired the UK company Applied Generics, forming TomTom Traffic.In 2008, TomTom acquired Tele Atlas, a digital map maker, for €2.9 billion.In 2010, they produced an advert saying You are not stuck in traffic. You are traffic. A photograph of this was widely circulated on the internet. It became a meme, often with different images and sometimes reworded slightly.On 11 June 2012, at an event for Apple's iOS 6 preview, TomTom was announced as the main mapping data provider for Apple's revamped iOS 6 "Maps" app, replacing Google Maps.In 2014, TomTom partnered with Volkswagen Group for joint research on Highly Automated Driving systems.TomTom signed deals to provide their navigation devices to several carmakers including Volkswagen Group, Daimler, Toyota and others.In late 2015, TomTom extended its deal with Apple and signed a new contract with Uber, in which Uber driver app uses TomTom maps and traffic data in 300 cities worldwide. In May 2018, TomTom launched new portable navigation device the TomTom Go Camper to cater for the requirements of caravan and motorhome users.In January 2018 the company faced criticism for announcing that it would no longer be providing map updates for some devices. It also said that "lifetime" meant the "useful life" of a device.In 2020, the company signed a deal with Chinese manufacturer Huawei to use TomTom's map data in Petal Maps, a replacement service to Google Maps for the company's smartphones.
Product history
Until 1996, TomTom developed business-to-business applications such as meter reading and bar-code reading for handheld devices, such as Palm Pilot, Compaq iPaq and Psion Series 5. Subsequently, the company moved its focus to PDA software for the consumer market. Early mapping software included EnRoute, Citymaps and Routeplanner.By 2001, they released the first car satellite navigation software, the TomTom Navigator, shifting the company's focus to GPS car navigation. In 2004 a built-in subscription-based traffic update service was added.The first all-in-one device personal navigation device, the TomTom Go was released in March 2004, creating a new consumer electronics category. TomTom reports it has sold about 250,000 units of TomTom Go and this product represented 60% of the company's revenue for 2004. As of 2016, the company had sold nearly 80 million navigation devices worldwide.In 2005, the ability to download new voices was introduced. The ruggedized, water-resistant Rider navigation device was released for motorcycle users in 2006. The Rider was the first portable satellite navigation device designed for motorcycles and scooters.Text-to-speech for road names was first introduced in 2006, along with hands-free calling and traffic support. TomTom Home, software for managing and downloading content for TomTom on a PC, was first released at this time.TomTom partnered with Vodafone in 2007 to create a high definition traffic service, designed to deliver real-time traffic data to Vodafone users through their devices.New features introduced in 2008 included IQ Routes, which estimated journey times based on average recorded speeds, rather than speed limits, and "Advanced Lane Guidance", an on-screen representation of the correct lane to take.In the autumn of 2008 devices were introduced with built-in GSM SIM cards, for connected features including HD Traffic, Google Local Search, real-time speed camera updates, and the facility to search for the cheapest fuel on route.In 2013 TomTom entered the GPS sports watch market with the launch of the TomTom Runner and TomTom Multi-Sport GPS. TomTom extended its range of GPS sports watches with the launch of the Runner Cardio GPS in 2014 with a built-in heart rate monitor.In 2015, TomTom entered a new product category with the launch of its new action camera, the Bandit. It had a built-in media server, enabling users to share footage in a matter of minutes.TomTom launched a new sports watch in 2016, the TomTom Spark, which in addition to GPS and a heart-rate monitor, included music on the wrist and a 24/7 activity tracker.In 2018, TomTom became the primary supplier of data for Apple's map app.
Mission
Vision
Key Team
Ms. Corinne Goddijn-Vigreux (Co- Founder & Chief Marketing Officer)
Ms. Claudia Janssen (Group Controller & Head of Investor Relations)
Mr. Pieter Geelen (Co-Founder & Director of Software Devel.)
Mr. Eric Daniel Bowman (Chief Technical Officer)
Mr. Arne-Christian Van Der Tang (Chief HR Officer)
Mr. Anders Truelsen (Managing Director of Enterprise)
Mr. Antoine Saucier (Managing Director of Automotive Division)
Recognition and Awards
References
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Mr. Harold C. A. Goddijn (Co-Founder, Chairman of the Management Board & CEO)
Mr. Taco J. F. Titulaer (Member of Management Board & CFO)
Mr. Alain De Taeye (Member of the Management Board)
