SOURCE: TeleNav, Inc.

Telenav, Inc.

April 29, 2014 17:00 ET

Thinknear by Telenav Wins Ad to Action Mobile Award

GeoCookie Product Focuses on Contextual Location Data to Deliver Enhanced Location Targeting Solutions

SUNNYVALE, CA--(Marketwired - Apr 29, 2014) - Thinknear by Telenav (NASDAQ: TNAV), a leader in location-based mobile advertising, was today awarded top honors in the Location Search Association's (LSA) inaugural Ad to Action Awards, a program dedicated to highlighting the most effective and creative technologies in the local advertising space. Thinknear was named a finalist in the mobile category, for its GeoCookie technology, earlier this month.

Rather than simply identifying where a device is, Thinknear's GeoCookie focuses on location and categorization, enabling both mobile retargeting based on where the device has been in the past, as well as behavioral targeting based on location and movement patterns. For example, advertisers could use the GeoCookie to identify where a device is (in an airport) and how often it has been there, or similar locations in the recent past, to determine whether a consumer is a frequent business traveler. GeoCookie permits location-specific targeting to a very high degree of accuracy and allows for granular segmentation not possible on other platforms.

"We're thrilled to have our work recognized by the LSA," said Eli Portnoy, Thinknear general manager. "Advertisers are increasingly aware of how they can use location to their advantage to better reach their target audience in mobile marketing campaigns, and we believe that we have built the best tool to enable them to do this. This award validates our belief that our technology is filling a core need in the market."

Thinknear was one of eight winners at the Ad to Action awards ceremony, held today in Huntington Beach, California as part of the LSA|14 Conference. Other winners came from categories including implementation, ecommerce, and social media.

About Thinknear:
Thinknear is a location technology company and full-service advertising platform focused on delivering amazing mobile advertising campaigns for agencies, brands and consumers. Thinknear's platform was built from the ground up to deliver the accuracy, scale and technology required to leverage mobile location data. In mobile, precision matters, and as a division of Telenav, Thinknear leverages exclusive access to over 14 years of mobile location data. To learn more, please visit www.thinknear.com and follow @thinknear on Twitter.

About Telenav, Inc.
Telenav's mission is to help make people's lives less stressful, more productive, and more fun when they are on the go.

Copyright 2014 Telenav, Inc. All Rights Reserved.

"Telenav," "Thinknear," the Thinknear logo, "telenav.com," and "thinknear.com" are registered and unregistered trademarks and/or service marks of Telenav, Inc. Unless otherwise noted, all other trademarks, service marks, and logos used in this press release are the trademarks, service marks or logos of their respective owners.

TNAV-C

Contact Information

  • Media Contact:
    Jill Ivey
    WIT Strategy for Thinknear
    215.806.2951
    jivey@witstrategy.com

    Investor Relations:
    Cynthia Hiponia and Alice Kousoum
    The Blueshirt Group for Telenav, Inc.
    408.990.1265
    IR@telenav.com