ATX Group, the largest independent provider of telematics services to automobile OEMs, filed for an IPO on Tuesday. ATX's product offerings include voice activated emergency and breakdown assistance, traffic and navigation information and automatic collision notification. The company has managed to grow revenues from $1 million in 1999 to $58 million in 2003. Citigroup, JP Morgan, Piper Jaffray and SG Cowen are the underwriters for this deal. Terms and timing have yet to be determined.
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