Nokia Acquires Oz Communications

September 30th, 2008 at 12:00 am
 


 nokia oz communications mobile email instant messaging acquisition

Nokia is set to buy Oz Communications, a Montreal-based company that offers mobile email and instant messaging software.

The acquisition is evidence of Nokia’s strategic plan to maintain its market position as a leader in mobile technologies.  With the advent of the iPhone and Android mobile operating systems, the mobile game has drastically changed with mobile phones offering more internet centered features.

Nokia has recently acquired the Symbian OS, the current leader in mobile operating systems but is still receiving threats from the Apple iPhone, Windows Mobile and most recently Google Android.  Although Symbian is the leading operating system, it is because of sheer number of years in the market.  Little has changed since Symbian was massively distributed across most brands of mobile devices.  Now that  its competitors are offering more, it’s time for Nokia to up the ante of their operating system.

Oz Communications have been in existence for more than 5 years and has been working closely with Nokia since 2003.  The startup has raised over $71  million in funding and offers mobile email, instant messaging and social networking to a number of mobile operators like Verizon, Sprint, T-Mobile, Alltel and Rogers.  Oz claims that they have 5.5 million paying users every month.

Nokia has recently been on a shopping spree to upgrade its mobile services.  Purchases include, Twango, Plazes, Navteq and of course Symbian.

With all its acquisitions, Nokia is positioning itself to reach beyond its status as a mobile device manufacturer to mobile services and applications like music, mapping, messaging, social networking and operating system.

Nokia and  has not disclosed the financial details of the acquisition which will be completed by the end of the fourth quarter of 2008.