Nokia buys 3-D mapping firm in location services push
Published on Nov 14, 2012 10:47 AM
SAN FRANCISCO (AFP) - Finnish mobile phone maker Nokia on Tuesday announced plans to buy a California firm specialising in rendering the real-world in 3-D as it beefed up mapping services for smartphone lifestyles.
Nokia expected to complete its acquisition of Berkeley-based Earthmine by the end of the year. It did not reveal financial terms of the deal.
"We are very excited to be joining Nokia - a company with a huge presence and vision in mapping," said Earthmine co-chief executive John Ristevski.
"We could not hope for a better place to fulfill and accelerate our mission of indexing the world in 3-D."
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here