CEO Judson Green '74 Announces Sale of NAVTEQ to Nokia

October 1, 2007

October 1, 2007, Greencastle, Ind. - "The president and chief executive of NAVTEQ, Judson Green, said the sale to Nokia, which has 900 million customers, would help spread the use of navigational software to mobile devices," reports the New York Times. NAVTEQ -- which produces the digital maps found in car navigation systems and portable navigation devices -- today agreed to be acquired by Nokia, the world's biggest cellphone maker, for $8.1 billion.

"Nokia's unique vision for location-based services aligns perfectly with NAVTEQ's vision to enable everyone to find their way to people, places and opportunities on mobile communications devices," says Green, a 1974 graduate of DePauw who serves on the University's Board of Trustees.

Read the complete story at the Times' Web site.

A $15 million dollar lead gift by Judson and Joyce Taglauer Green ('74 & '75) has made possible an expansion and renovation of DePauw's 32-year-old Performing Arts Center. Work is wrapping up on the first phase of the $29 million project, which will be dedicated next month during Old Gold Weekend. The building is home to the DePauw University School of Music and department of communication, and is now known as the Judson and Joyce Green Center for the Performing Arts. Learn more in this previous story.

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