TeleNav Inc. (TNAV) announced that it has completed the acquisition of goby, a Boston-based local search engine and mobile application developer focused on offering users an easy way to explore and discover events and activities based on location.
Most of the eleven goby employees will join the TeleNav team and will remain in their current Boston location. The overall financial impact of the acquisition to TeleNav is not expected to be material to the financial results and cash position of TeleNav. Other terms of the acquisition were not disclosed.
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