America News: Garmin acquires Digital Cyclone for $45m
Garmin has acquired location based services provider Digital Cyclone Inc (DCI) for $45 million in cash.
Minnesota-based DCI offers its My-Cast 5 (weather reports and alerts) application for mobile phones through major national and regional wireless carriers, and Pilot My-Cast, which is a similar application specifically for aviators.
According to Garmin’s chairman & CEO Dr Min Kao, the acquisition broadens Garmin’s LBS product offerings and expands the company’s capability in the area of wireless application development, marketing, and distribution.
DCI will operate as a subsidiary of Garmin, and will remain at its current Minnesota HQ and retain its management, R&D, and supporting staff.
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