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NNG to expand workforce in Hungary
Article by: Mike Barrett
Date: 7 Dec 2011
In these days of gloomy economic news and cuts it comes as a refreshing breath of fresh air to hear that a company is bucking the trend and expanding it's workforce. Even more pleasing is that it is in the SatNav industry where a lot of companies are shrinking their workforces.
NNG have had a good trading year in 2011 so much so that they are looking to employ 50 new people in their head offices in Hungary. The good news is that the recruits are not in sales and marketing but in product development and quality assurance.
The growth in the company's fortunes is coming from diversifying into the automotive OEM market. This is a market sector that has largely been ignored for the last few years with the traditional in-built manufacturers dominating sales. There will be stiff competition from TomTom and Garmin amongst others but this is a big market with plenty of opportunities.
The full NNG press release follows:
NNG Expands Headquarters in Hungary by Opening 50 New Positions
NNG LLC has tripled the number of automotive software licenses sold in 2011. The developer of iGO Navigation software has already signed agreements with global car OEMs to deliver another 4.6 million licenses in the next 2-3 years, aiming at significant international growth in 2012. To achieve this, the company intends to rapidly increase the number of its staff.
Budapest, Hungary – NNG LLC, one of the leading navigation software suppliers of the automotive industry, has profited from exceptional international success in 2011, despite the economic recession. Compared to last year, the company has tripled the number of licenses in its global automotive business. This demonstrates how NNG is moving towards its strategic goal set two years ago: to become a leading automotive supplier at a global level. In 2012 the company intends to increase the number of its staff significantly, especially by recruiting software developers, software testers and project managers.
Based on agreements with Tier1s and car manufacturers around the world, NNG will ship additional 4.6 million iGO Navigation software licenses in the next three years. The company is expecting this quantity to grow even further – by selling a total of 16 million licenses in this time frame. NNG has forecast an annual doubling of production over the coming years. To undertake its latest projects and those anticipated for the near future, NNG has launched a remarkable recruitment campaign in Hungary, where the headquarters and development center of the company are located. NNG plans to fill 50 positions in the months ahead, and is looking for highly qualified and talented software professionals.
"Today, our products are known and used on all five continents,” says Péter Balogh, interim CEO at NNG LLC. "Our versatile software engine enables us to fulfill the needs of car manufacturers that deliver to all regions of the world. I cannot disclose any brand names at this time but, more and more frequently, the best cars in the world will be sold ready equipped with iGO Navigation. For this reason, we are currently looking for more highly qualified staff, who aren’t afraid of taking on serious professional and international challenges."
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