Nokia to acquire social-activity service provid...

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The issuer is solely responsible for the content of this 
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Connecting People just got easier with services that track place and
time

Espoo, Finland and Berlin, Germany - Nokia and Plazes
(www.plazes.com) today announced an agreement for Nokia to acquire
substantially all assets of Plazes, a privately-owned start-up
company of 13 people with its principal operations in Berlin. Plazes
provides a context-aware social-activity service that people can use
to plan, record, and share their social activities: why they are at a
given location at a given time, whether in the past, present or
future.

"This acquisition helps Nokia to accelerate its vision of bringing
people and places closer together, in line with our broader services
strategy," said Niklas Savander, Head of Nokia Services & Software.
"In addition to the key assets, through this acquisition Nokia will
bring on a visionary team with an advanced understanding of
social-activity services, as well as the technical ability to further
develop this area."

By acquiring Plazes, Nokia will be able to extend its context-based
service offering with social presence and time-based activity
planning features. Plazes adds the elements of "place" and "time" to
social networking through features that allow people to alert friends
of their activity and location; review their own and others' past
activities; share their experiences and make plans with friends, who
are then able to respond with comments and suggestions as well as
their own location information.

"Nokia shares our vision of the social activity space and of how we
can together develop the service that Plazes provides today," said
Felix Petersen, co-founder of Plazes. "We feel proud of what the
Plazes team has achieved so far with its pioneering work in
context-aware services and we feel even more excited about what's to
come next."

The agreement is subject to customary closing conditions and is
expected to close in the third quarter 2008. After closing, Plazes
will become part of Nokia's Services & Software unit.

About Nokia
Nokia is the world leader in mobility, driving the transformation and
growth of the converging Internet and communications industries. We
make a wide range of mobile devices with services and software that
enable people to experience music, navigation, video, television,
imaging, games, business mobility and more. Developing and growing
our offering of consumer Internet services, as well as our enterprise
solutions and software, is a key area of focus. We also provide
equipment, solutions and services for communications networks through
Nokia Siemens Networks.

About Plazes
Plazes AG is one of the pioneering web platforms for location sharing
and publishing on the web today. Members of Plazes are able to update
their location through their laptop or mobile phone, and update their
online presence with their current, past and future whereabouts. That
way Plazes provides location-based context and real-life value when
coordinating with friends, family and business partners. Plazes AG is
headquartered in Zurich, Switzerland with a development office in
Berlin, Germany. For additional information, please visit
www.plazes.com.

Media Enquiries:

Nokia
Communications
Tel. [phone]
Email: [e-mail]

www.nokia.com


 
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