TeleNav Acquires Events Search App goby

TeleNav has announced the acquisition of goby,a Boston-based start-up company that provides a local search engine focused on exploring new things to do with your free time.

Goby was launched in 2009 and had raised 7.5 million in a series A round funding in 2010 from investors including Flybridge Capital Partners and Kepha Partners.

Linking a local search engine such as goby to TeleNav turn-by-turn navigation offering makes a lot of sense to increase stickiness and offer additional services to TeleNav’s existing 23 million users. This acquisition is part of TeleNav’s move to broader its location-based services beyond turn-by-turn navigation.

TeleNav said that “most of the eleven goby employees will join the TeleNav team and will remain in their current Boston location.“

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