Monday, October 22, 2007

Networks In Motion Trumpets Subscriber Numbers

Aliso Viejo-based Networks In Motion said this morning that it has signed up more than two million paid users of the firm's location based navigation and local search services. The firm offers a subscription turn-by-turn, voice-prompted navigation service via wireless phone. NIM offers the services on various wireless providers and through third party branded applications from AAA, Gearworks, and Trimble. The applications cost from $9.99 per month to $2.99 per day, depending on carrier and application. The company is venture backed by Mission Ventures, Redpoint Ventures, and Sutter Hill Ventures.