TomTom (TOM2) and Microsoft Corp. (MSFT) announced that they are expanding their partnership, bringing TomTom's maps and traffic data into a multitude of mapping scenarios across Microsoft's cloud services. With this broadened integration, TomTom will be a leading location data provider for Microsoft Azure and Bing Maps. TomTom is also expanding its relationship with Microsoft, selecting Microsoft Azure as its preferred cloud provider.
Azure Maps delivers secured location APIs to provide geospatial context to data. The Azure Maps service enhances the value of the Microsoft Azure cloud platform that is helping enterprises and developers create IoT, mobility, logistics and asset tracking solutions. TomTom providing their map data and services is a significant component for completing these enterprise customer scenarios.
TechSoup, the leading nonprofit network facilitating distribution of technology solutions to civil society organizations globally, today announced that it has received a $1 million impact investment from Microsoft Philanthropies to support an ambitious initiative to nearly double the number of nonprofit organizations it serves.
Microsoft is the lead impact investor in TechSoup's newly launched $11.5 million direct public offering, a funding source that enables individuals and corporations to invest directly into the growth and mission of TechSoup. TechSoup's DPO will be leveraged to distribute more than $5.4 billion of additional resources to the nonprofit sector.