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Trimble Acquires MyTopo to Provide Unique Outdoor
SUNNYVALE, Calif., May 17, 2011—Trimble (NASDAQ: TRMB) announced today that it has acquired privately-held MyTopo™ based in Billings, Montana. MyTopo is a leading provider of print and digital maps for outdoor enthusiasts. The acquisition expands Trimble's ability to offer unique map content and new outdoor-centric products while simultaneously enhancing its popular mobile apps—Trimble Outdoors™, AllSport GPS™, Geocache Navigator™, Cabela's Recon™ Hunt, and Backpacker GPS Trails. Financial terms were not disclosed.
MyTopo offers several products to outdoor consumers using its topographic, satellite and aerial photograph map imagery. Products include print-on-demand custom waterproof maps, Internet-based map layers, digital map tiles for mobile devices and Terrain Navigator, a suite of mapping software products.
"Many adventures begin with a map. The acquisition of MyTopo allows us to provide our customers with unique solutions for virtually every step of their adventures. From pre-planning trips at home to creating custom print maps to taking mobile maps into remote areas on their iPhone or Android phone," said Rich Rudow, general manager for Trimble Outdoors. "MyTopo brings top-notch maps with unparalleled quality and rich features to our customers and partners such as Cabela's and Backpacker magazine. We are excited to offer these unique services."
Trimble Outdoors' customers can access the new maps at www.trimbleoutdoors.com. The digital maps are available on more than 300 smartphones and mobile handsets that run Trimble Outdoors mobile apps.
"We are excited to join Trimble. Our multi-terabyte map database and unique content layers paired with Trimble's mobile app platform will offer outdoor enthusiasts a cohesive suite of mapping and mobile products to better enjoy the outdoors," said MyTopo founder Kevin Toohill.
MyTopo, based in Billings, Montana, provides navigation-ready mapping services, data, and software for professional and recreational use. For more information, visit: www.mytopo.com.
About Trimble Outdoors
Trimble Outdoors is the developer of GPS-on-cellular applications for consumers—AllSport GPS, Trimble Outdoors, and Geocache Navigator. With these apps, consumers can use their GPS-enabled cell phones to navigate trails and highways, track workout performance, geocache, and create, manage and share those experiences with others. By leveraging Trimble's 30 years of commercial expertise in GPS, software, and communications, Trimble Outdoors delivers cost-effective and convenient position-based services that promote consumers' well-being, security and active lifestyles. For more information about Trimble Outdoors, visit www.TrimbleOutdoors.com.
Trimble applies technology to make field and mobile workers in businesses and governments significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.
Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to, Trimble's ability to enhance its product offerings, and to offer unique content and new outdoor-centric products, as a result of the acquisition. Additional risks and uncertainties include: the risks inherent in integrating an acquisition; unanticipated expenditures, charges or assumed liabilities that may result from the acquisition; and retaining key personnel and commercial relationships. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
Investor Relations Contact: Willa McManmon of Trimble: 408-481-7838
Media Contact: LeaAnn McNabb of Trimble: 408-481-7808