Thu Aug 31, 2006 10:43 am
Nokia said today it had agreed to buy mapping software firm gate5 for an undisclosed sum to tap into the fast-growing mobile navigation market.
Planning to offer consumers maps, routing, navigation and other location based applications on its mobile devices, Nokia will integrate gate5's technology to allow people to enjoy a highly sophisticated mapping and navigation experience offering navigation with features such as house polygons, earth browsing and dynamic route guidance. All applications are extendable with more than 5,000 city guides, travel guides or services.
Nokia will continue to support gate5's PND (personal navigation device) customers and continue enhancing software solutions. It will also continue to support gate5's multi-platform strategy for mobile devices, including Symbian, Linux, Windows Mobile, Palm and Java platforms.
The transaction is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2006.
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