Nokia Signs Agreement To Acquire Novarra
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Nokia today announced it has signed an agreement to acquire
100% of the outstanding shares of Novarra, Inc., a privately-held company based
in Chicago, IL. Novarra is a provider of a mobile
browser and service platform and has more than 100 employees. Novarra's mobile
browser and services platform will be used by Nokia to deliver enhanced Internet
experiences on Nokia mobile devices. Novarra has deployed their solution with
leading mobile operator and internet services customers globally.
"Connecting the next billion consumers to the Internet will happen primarily
on mobile devices," said Niklas Savander , Executive
Vice President, Services, Nokia, "and delivering an optimized internet
experience on our devices is core to our mission. By driving innovation in all
segments of our portfolio, we are building one of the largest consumer audiences
for web services and content. Novarra's Internet services technology delivered
on the world's most widely-used mobile platform, Nokia's Series 40, will help us
Nokia expects a new service offering utilizing the Novarra technology
platform to be available later this year. The acquisition is expected to close
in the second quarter of 2010, and is subject to the customary closing
conditions, including regulatory reviews. Following the acquisition, Novarra
will become a wholly-owned subsidiary of Nokia.