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 achieve this."
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.