Nokia acquires bit-side

Nokia acquires bit-side

The acquisition will strengthen and accelerate Nokia's mobile development for Nokia Maps.

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.

According to Michael Halbherr, Nokia's vice president of social location, acquiring bit-side enables Nokia to offer consumers mobile location applications, such as maps, 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," said Halbherr.

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

Thom Brenner, managing director & partner of bit-side, said: "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."

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