16 July 2008

Nokia Completes Plazes Acquisition
Eyes Next-Gen Internet

Nokia announced yesterday that it has completed its acquisition of Plazes (www.plazes.com), a privately-owned start-up company of 13 people with its principal operations in Berlin. The deal was initially announced on June 23, 2008.

By acquiring Plazes, Nokia will be able to extend its context-based service offering with social presence and time-based activity planning features.

With the acquisition, Nokia says it may be able to extend its context-based service offering with social presence and time-based activity planning features.

Nokia is a major player in mobility, driving the transformation and growth of the converging Internet and communications industries, according to the company.

The company makes a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more.

Developing and growing offering of consumer Internet services, as well as enterprise solutions and software, is a key area of focus, according to the company. The company also provides equipment, solutions and services for communications networks through Nokia Siemens Networks.

Nokia earlier this month had announced that it has completed its acquisition of NAVTEQ, a provider of comprehensive digital map information, company officials say.

As part of Nokia, NAVTEQ will continue to develop its world-class expertise in the navigation industry, service its strong customer base, and invest in the further development of its industry-leading map data and technology platform, company officials say.

About Plazes
Plazes AG is one of the pioneering web platforms for location sharing and publishing on the web today. Members of Plazes are able to update their location through their laptop or mobile phone, and update their online presence with their current, past and future whereabouts. That way Plazes provides location-based context and real-life value when coordinating with friends, family and business partners. Plazes AG is headquartered in Zurich, Switzerland with a development office in Berlin, Germany. For additional information, please visit www.plazes.com.