Nokia to Buy Intellisync for $430 Million
HELSINKI, Finland (AP) — Nokia Corp. said Wednesday it is paying $430 million to acquire Intellisync Corp., a provider of wireless e-mail service for cellular carriers, adding to the mobile phone maker’s growing arsenal of products to compete with BlackBerry.
The deal comes just two months after Nokia barged into the increasingly crowded field of BlackBerry rivals by becoming the first major handset maker to announce its own brand of mobile e-mail service — essentially becoming a rival to the U.S. company it is now acquiring.
Nokia is embarking on a multi-pronged strategy: low-end devices and network equipment for the developing world, media-enabled Smartphones and Linux tablets for techno-fetishists, and now push email capability to compete with RIMM. This is Nokia’s bid to bust into the business environment, which is now really catching onto technology.