October 2, 2008
Nokia Acquires Canadian Mobile Messaging Firm O
ZNokia has acquired Canada-based mobile messaging company OZ Communications for an undisclosed sum. On completion of the deal, OZ will become part of Nokia's Services & Software unit.
OZ provides mobile messaging applications and access to instant messaging and email services on consumer mobile devices including AOL, Gmail, ICQ, Windows Live Hotmail, Windows Live Messenger, and Yahoo. It has more than 5.5 million monthly paid users.
The acquisition, which is expected to be completed in the fourth quarter, is part of Nokia's strategy to focus on consumer internet services. In July, it acquired social networking location-aware site Plazes, and US digital maps provider Navteq.
Earlier this week, it announced it would stop developing its business-focused Intellisync mobile email platform and instead use third-party technologies from Microsoft, IBM, and Cisco.
Niklas Savander, head of Nokia Services & Software, said: "With OZ, Nokia is renewing its mission of connecting people by enabling consumers to easily connect and communicate using their favorite internet communities. OZ's team and technology will help Nokia to address the fast growing consumer messaging market."