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Nokia acquires Swiss-German start-up Plazes AG

Mon. June 23, 2008; Posted: 09:15 AM
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Jun 23, 2008 (TELECOMWORLDWIRE via COMTEX) -- NOK | Quote | Chart | News | PowerRating -- Finnish telecomms solutions provider Nokia (NYSE: NOK | Quote | Chart | News | PowerRating) (OMX Helsinki: NOK1V) said on Monday (23 June) that it has agreed to acquire the Swiss-German start-up Plazes AG.

Plazes, headquartered in Zurich, Switzerland with a development office in Berlin, Germany, provides a web platform for location sharing and web publishing. The company has 13 employees.

The acquisition enables Nokia to extend its context-based service offering with social presence and time-based activity planning features.

No financial details were disclosed.

Comments on this story may be sent to tww.feedback@m2.com

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