Nokia is to acquire OZ Communications, a privately held company which focuses on consumer mobile messaging, with approximately 220 employees and headquartered in Montreal, Canada. With more than 5.5 million monthly paid users, OZ's solutions have been deployed by mobile operators on a wide array of mobile device platforms.
"With OZ, Nokia is renewing its mission of Connecting People by enabling consumers to easily connect and communicate using their favorite Internet communities," said Niklas Savander, Head of Nokia Services & Software. "OZ's team and technology will help Nokia to address the fast growing consumer messaging market."
"OZ has been working closely with Nokia since 2003 - joining forces at this point is a natural extension of our partnership," said Jim Knapik, President and CEO of OZ. "We are excited about taking OZ's solutions to consumers worldwide by leveraging Nokia's devices and distribution scale."
Nokia says that it will continue to work closely with OZ's existing original equipment manufacturer (OEM) and mobile operator customers.
After the closing, OZ will become part of Nokia's Services & Software operative unit. Financial details were not disclosed.
Posted to the site on 30th September 2008
Posted to: www.cellular-news.com/story/33895.php