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Mail.Ru Group Buys MAPS.ME
18.11.2014 12:42
Mail.Ru Group Buys MAPS.ME
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Mail.Ru Group Limited (LSE: MAIL), one of the largest Internet companies in Europe, announced the acquisition of MAPS.ME, a mobile maps and navigation service based on OpenStreetMap data that allows users to access maps both online and offline.

      “The acquisition will enable, Mail.Ru Group’s subsidiary focused on global audiences, to offer additional products and services to a growing base of users. Employing OpenStreetMap makes data collection free, and increases reliability as users upload new maps in real time. Additionally, the MAPS.ME architecture allows for scalability without increasing development costs,” reads an official press release.

      “MAPS.ME apps for iOS and Android allow users to download detailed maps for any location around the world and use them even when offline. The service pulls data provided by OpenStreetMap, the open source project dedicated to create a crowdsourced, highly detailed world map. Thanks to an advanced data compression algorithm, MAPS.ME works fast and the maps are lightweight. Over 7M users have downloaded MAPS.ME since its release in 2011. The apps are actively used all over the world including Russia (18% of users), the USA (13%), Germany (7%), Italy (4%) and China (4%). MAPS.ME is one of the top rated apps in the Travel category in more than 100 countries,” adds the announcement on the company’s website.

      OpenStreetMap is created and updated by editors, just like Wikipedia articles: users all over the globe can edit maps, adding cities, roads and locations. This crowdsourced model allows for the most detailed and current map of the world. For instance, new buildings and roads can be added in real time, and the editors can add not just streets, but also paths. The maps are constantly updated by the global community of enthusiasts that has grown exponentially to 1.8 million members.

      “Adding the MAPS.ME team to work together on our global expansion was a strategic move,” said Dmitry Grishin, Co-Founder and CEO of Mail.Ru Group. “OpenStreetMap has a remarkable idea of crowdsourced maps behind it, and we believe that its role all over the world is going to increase.”

      “Mail.Ru Group is a natural fit for MAPS.ME. They completely share our vision of open data and its role in the development of innovative technology,” said Yury Melnichek, Co-Founder and CEO of MAPS.ME. “Further, the millions of Mail.Ru and users around the globe will now have direct access to our product, allowing for more contributors, and ultimately, a better user experience.”

      The MAPS.ME team (including the founders) will join Mail.Ru Group where the team will continue to work on MAPS.ME, which includes implementing some developments that have already been planned and are to be announced later. 

Author: Mikhail Vesely

Tags: Group     

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