Nokia Maps Its Future With bit-side
Today Nokia announced that is has agreed to acquire privately held bit-side, a small location-based services software company. Nokia said the acquisition will strengthen and accelerate its mobile development for Nokia Maps. Nokia firmly believes that adding context and location awareness to mobile applications is an important tool for what it calls "social location" services. bit-side will be folded into Nokia's Internet Services unit. The acquisition should be completed before the end of the first quarter.
Nokia's HERE Maps to Acquire Medio
Nokia today announced its HERE Maps division has agreed to acquire a Seattle-based company called Medio. Medio provides real-time predictive analytics based on mapping, navigation, and location data.
Nokia Names New CEO, New Strategy
Nokia's board of directors have elected Rajeev Suri to the position of President and CEO of Nokia. Suri, who has been with Nokia since 1995 and has led its network business from 2009, will take his new role on May 1.
Nokia to Pare Down Its Technologies Unit
Nokia today said it intends to cut about 70 jobs from its Technologies unit. "Nokia Technologies has revised its long-term strategy and will consequently reshape [the] organization.
Nokia Makes HERE Sale to Audi, BMW, Daimler Official
Nokia today formally announced the sale of its HERE Maps business unit to a consortium of three German auto makers. Audi, BMW, and Daimler have agreed to buy HERE Maps for $3 billion.