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Cambridge Positioning Systems has raised £5m from existing investors to fund the global expansion of its location technology. 01-Jun-2004 Cambridge Positioning Systems has shed 50 jobs at its location finding technology business in Cambridge. 30-May-2003 Cambridge Positioning Systems has raised £9m in venture capital in order to fund the commercial launch of a low-cost system to calculate the position of mobile phones. 05-Aug-1999 Cambridge Positioning Systems has developed a low-cost system to calculate the position of a mobile phone within a few metres, and a trial will be launched in Cambridge in the summer. 09-Mar-1999
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