Nokia to acquire bit-side

Nokia and bit-side have announced that an agreement has been signed for Nokia to acquire substantially all assets of bit-side. bit-side is a privately owned Berlin-based professional services and software company with 39 employees. By acquiring bit-side, Nokia will strengthen and accelerate its mobile development for Nokia Maps.

Michael Halbherr, vice president and head of social location at Nokia, stated: “Acquiring bit-side enables Nokia to offer consumers the world leading mobile location applications, such as Maps, along with routing and navigation at an accelerated speed. Nokia has been working with bit-side since 2007, and bit-side has become a strategic development partner to Nokia.”

“Nokia believes that context plays a pivotal role in the evolution of the Internet,” continued Halbherr. “To make the Internet truly personal, Nokia is building the ability for people to always know where they are and what is around them. Moreover, to know where their friends are and what they are doing and how they are feeling. Nokia calls this social location.”

Thom Brenner, managing director and partner at bit-side, added: “Joining Nokia is an exciting opportunity for us. Our small team has brought many innovative mobile products to life and being part of Nokia will be like a catalyst to this. We share Nokia’s visions, on social and location related services and the future of their enabling technologies.”

The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2009. bit-side will be integrated to Nokia’s Services unit.

The following two tabs change content below.

admin

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam dignissim magna vitae dui posuere eu feugiat augue eleifend. Fusce sed tincidunt quam. Donec varius aliquam metus ut semper. Donec augue purus, feugiat interdum malesuada vel, aliquet quis massa. Nulla facilisi. Nam vel ante quam, et tincidunt dui. Maecenas venenatis libero eu nulla tincidunt et accumsan velit sodales. Nam congue mauris et felis porttitor blandit. Nam eget tempor massa. Nullam suscipit gravida eros, ac suscipit magna feugiat sit amet.

Latest posts by admin (see all)