Nokia has struck a deal to buy the assets of German software company bit-side.
Berlin-based professional services and software company bit-side has 39 employees. Nokia said the acquisition will strengthen and accelerate its mobile development for Nokia Maps.
Nokia vice president and head of social location Michael Halbherr said: “Acquiring bit-side enables Nokia to offer consumers the world-leading mobile location applications, such as Maps, along with routing and navigation at an accelerated speed.
“Nokia has been working with bit-side since 2007, and bit-side has become a strategic development partner to Nokia.”
bit-sde managing director Thom Brenner added:”Our small team has brought many innovative mobile products to life and being part of Nokia will be like a catalyst to this. We share Nokia’s visions, on social and location related services and the future of their enabling technologies.”
The transaction is subject to customary closing conditions and is expected to be completed in Q1. Bit-side will be integrated to Nokia’s Services unit.