Cell Phone News

Nokia’s acquisition of OZ Communications is completed

By Dusan Belic on Wednesday, November 5th, 2008 at 5:27 AM PST In Announcements, Financial/Corporate News, Nokia

nokia oz Nokias acquisition of OZ Communications is completed

Back in October, Nokia said it will acquire OZ Communications, a Montreal, Canada-based company which provides software that delivers access to popular instant messaging and email services on mobile devices. Today, the Finnish giant announced it’s a done deal and that OZ’s staff of approximately 220 people are now Nokia (NYSE: NOK) employees.

By acquiring OZ, Nokia will address the fast growing consumer messaging market by providing an affordable mass market email and instant message platform for Nokia Series 40 devices, complementing the existing portfolio of mobile messaging solutions for Nokia S60 devices.

I’m not sure when nor whether we’ll ever know which piece(s) of OZ’s technology is used on Nokia’s devices, but Nokia’s latest batch of low-end phone announcements seem to have something to do with it. Or I’m wrong?

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