Nokia is bulking up its communications platform with the acquisition of Oz Communications, a privately held Montreal-based company that offers mobile e-mail and instant messaging.
On Tuesday, Nokia said it would buy Oz for an undisclosed amount, bringing Oz into its services and software unit. The deal is expected to close in the fourth quarter.
Oz has been around for about five years. And the company, which has been working with Nokia since 2003, has raised more than $71 million. Its IM, e-mail, and social-networking technologies are used by several mobile operators, including Verizon Wireless, Sprint Nextel, T-Mobile USA, Alltel, … Read more