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Wednesday, January 28, 2009

Nokia buys bit-side GmbH

Mobile handset vendor Nokia has announced the takeover of bit-side GmbH, a small Berlin-based software development company focusing on Symbian and Java applications.

With the move, the handset vendor intends to strengthen and accelerate the development for its Nokia Maps application family. The move enables Nokia to offer mobile location applications along with routing and navigation at accelerated speed, the company said. "Nokia has been working with bit-side since 2007, and bit-side has become a strategic development partner to us," explained Michael Halbherr, vice president and head of social location for Nokia.

"Joining Nokia is an exciting opportunity for us", said Thom Brenner, managing director of the software vendor which currently employs 39 developers and experts. "It will be like a catalyst to our developments. We share Nokia's visions on social and location related services and future of their enabling technologies".

The transaction is subject to customary closing conditions. After completion which is expected in 1Q2009, bit-side will be integrated to Nokia's Services unit. As usual, the financial terms were not disclosed.

Christoph Hammerschmidt

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