Nokia acquisitions/deals (2010)
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September 2010 -- Rocket Fuel, a provider of online advertising management services, announced that it has raised $10 million in its second round of funding led by Nokia Growth Partners. As part of the funding, a partner at Nokia Growth Partners will join Rocket Fuel's board of directors. Rocket Fuel plans to use the proceeds to accelerate its market expansion to provide services for effective online display campaigns.
September 2010 -- Virtual City, a provider of mobile solutions for business, won $1 million from Nokia in the Nokia's Growth Economy Venture Challenge. According to Nokia, the solution aims to boost the profitability of small and micro businesses by increasing the number of transactions as well as improving inventory management, the accuracy of records, and reporting from the field.
September 2010 -- Nokia provided OpenCloud, a provider of real-time application servers and server broker systems, with £4 million of the total £5 million raised in funding. OpenCloud plans to use the funds to accelerate its portfolio growth with includes further developing future products and continuing its global expansion.
August 2010 -- NAVTEQ, a subsidiary of Nokia, acquired NavKey, a provider of digital map data for personal navigation devices. Financial terms of the deal were not disclosed. The purchase will provide NAVTEQ access to NAVKEY’s digital map assets licensed under the NAVIAR brand. Combining NAVKEY's digital map data with the NAVTEQ map will provide customers with a more enhanced navigation experience. Customers will be able to develop and use improved navigation and location-based applications with NAVTEQ voice and visual content.
August 2010 -- Nokia acquired Motally, a provider of mobile analytics services such as user tracking and reporting. Nokia continues to serve Motally's existing customer base after the transaction, which was completed on September 1, 2010. The financial terms of the transaction were not disclosed. Motally's board of directors consists of executive management from Google, Yahoo, Nielson Mobile and venture capital firms. The founder of Nokia's venture capital arm, Nokia Growth Partners is on the Motally board of directors. Nokia's purchase of Motally represents a step towards enhacing the Ovi application store and making it more attractive for developers.
July 2010 -- Nokia agreed to acquire certain wireless network infrastructure assets of Motorola for $1.2 billion in cash. Under the terms of agreement, Motorola retains the iDEN business, substantially all the patents related to its wireless network infrastructure business and other selected assets. Nokia purchase includes Motorola’s GSM (Global System for Mobile Communications), CDMA (Code-Division Multiple Access), WCDMA (Wideband Code-Division Multiple Access), WiMax and LTE (Long-Term Evolution) operations, along with contracts to supply approximately 50 wireless carriers and cable companies, among them top wireless carriers like Verizon (VZ), Sprint Nextel (S) and KDDI in Japan. Also, 7,500 employees are expected to transfer to Nokia Siemens Networks from Motorola's wireless network infrastructure business. The transaction is expected to complete by the end of 2010. The deal will enable Nokia to accelerate its North American presence. Additionally, it allows Motorola to unload its network infrastructure business in order to make progress in its plans to spin off its mobile and cable set-top box divisions into a separate company in early 2011.
July 2010 -- Qbase Holdings acquired MetaCarta, Inc. from Nokia three months after Nokia acquired MetaCarta. Nokia will retain MetaCarta’s geographic intelligence technology, which Nokia plans to incorporate in its local search and other services. Terms of the deal were not disclosed. In a statement, Nokia mentioned that MetaCarta serves primarily government as well as oil and gas customers, implying that Nokia is retaining the consumer-facing local search technology while MetaCarta will continue to provide business services.
July 2010 -- Renesas Electronics agreed to acquire the wireless modem business from Nokia for $200 million in cash. As part of the agreement, Renesas Electronics purchase includes Nokia's wireless modem technologies for LTE, HSPA and GSM standards and certain patents related to the transferred technology asset. The transfer would also include 1,100 Nokia R&D professionals located in Finland, India, Denmark, and the United Kingdom. The transfer is subject to regulatory approvals and other customary closing conditions, and is estimated to take place during the fourth quarter 2010. According to multiple news sources, the purchase is part of a long-term partnership to develop fourth generation HSPA+/LTE modem technologies. Renesas plans to combine Nokia's modem assets with its own expertise in multimedia processing, power management high-power amplification and RF transceivers to develop a mobile platform.
May 2010 -- Value Team S.p.A., an IT consulting and solutions company, signed an agreement to acquire radio access activities of Nokia Siemens Networks Italia Spa. Value Team and Nokia Siemens Networks also signed a long-term cooperation agreement wherein Value Team will become one of the preferred partners of Nokia for the development of new technologies, mainly in mobile networks. According to Nokia, the experience of members from the Nokia R&D team combined with the competence of Value Team professionals will form an Italian industrial center of excellence for the development of new mobile technology standards.
May 2010 -- INSIDE Contactless S.A. raised a total of €50 million in series D preferred funding from multiple participants including Nokia Growth Partners, Samsung Ventures, Qualcomm, and Visa International. On September 30, 2010, INSIDE Contactless S.A. closed the transaction. INSIDE Contactless plans to use the proceeds to finance its takeover of the Secure Microcontroller Solutions business of the Atmel Corporation.
April 2010 -- Ganji.com, a Chinese living information network platform owned by Beijing Feixiangren Information Technology Ltd, raised $20 million in a round of funding which included participation from Nokia Growth Partners. On May 31, 2010, Ganji.com closed the transaction. Ganji.com will use the proceeds to for promoting and enhancing the applications of its lifestyle information on the mobile internet.
March 2010 -- UCWEB Technology, the makers of the UCWEB mobile browser, announced that it has raised funding from investors that include Nokia Growth Parters and Intel Capital. TechCrunch estimates the funding in this round to be $12 million. UC WEB Technology plans use the proceeds for product R&D and recruitment.
March 2010 -- Nokia signed an agreement to acquire Novarra. Terms of the acquisition were not disclosed. According to TechCrunch, Nokia plans to use Novarra's technology to enhance the browsing experience on Nokia mobile devices. The acquisition was completed on April 9, 2010 and Novarra became a subsidiary of Nokia.
March 2010 -- Nokia agreed to acquire MetaCarta, a geographic intelligence solutions company. According to numerous sources, the financial terms of the transaction were undisclosed. Nokia plans to use MetaCarta's technology in the area of local search in location and other services. Nokia completed the acquisition of MetaCarta on April 9, 2010.
March 2010 -- Nokia Growth Partners, the venture capital investing arm of Nokia, along with other investment firms raised $23 million in a round of funding for Cloudmark, a developer of messaging security solutions that protect subscribers and messaging infrastructure from spam, phishing, viruses, and harmful content. As part of the round, Greg Goldfarb, principal at Summit Partners will join the Cloudmark's board of directors. Cloudmark plans to use the proceeds to assist in its acquisition of Bizanga, a global company offering a scalable and full-featured message processing platform.
February 2010 -- Afilias, a worldwide provider of Internet infrastructure services and the registry operator for .INFO, acquired mTLD Top-Level Domain (known as dotMobi), the sponsoring organization and registry operator for the .mobi top-level domain from Nokia. Afilias acquired all of the issued and outstanding capital stock of dotMobi. The company plans to continue operating dotMobi as a subsidiary. Afilias and dotMobi have worked closely together since the Mobi JV (predecessor to dotMobi) was started by Nokia, Vodafone and Microsoft to apply to ICANN for the .mobi TLD in 2004. Now more established, dotMobi will benefit from the increased focus that a seasoned registry expert like Afilias can provide in accelerating the growth of its business.
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