Nokia Acquires gate5 For Mobile Mapping & Navigation
August 31, 2006 6:38 PM | Nokia | Comments (0)
Nokia and gate5 AG today announced that an agreement has been signed for Nokia to acquire gate5. gate5 is a leading supplier of mapping, routing and navigation software and services. By acquiring gate5, Nokia will offer consumers maps, routing, navigation and other location based applications on its mobile devices. |  |
gate5 solution enables people to enjoy a highly sophisticated mapping and navigation experience offering seamless navigation with breathtaking 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 remains fully committed keeping them satisfied with enhanced 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. Large display personal devices such as the Nokia 770 Internet Tablet are perfect for maps and navigation purposes and by integrating the gate5 platform into these devices, Nokia can build the industry leading location experience for consumers.
The acquisition of gate5 is an important step in developing the new product category of multimedia computers that offer people multiple ways to connect to information, entertainment and other people. Nokia Nseries multimedia computers represent the next leap forward in personal computing. The multimedia computer offers the functionality of a PC and many portable single purpose devices in a connected mobile device that is always with you and always connected. Because multimedia computers have a programmable operating system, people can download and install software applications. Unlike most mobile devices, this means people can add features and applications to their multimedia computers without having to purchase a new device.
The transaction is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2006.
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