Nokia buys mobile web browser firm Novarra
Eleven-year-old Novarra is known for developing the Vision web browser, as well as platforms to serve content, advertisements and analytics. It previously supplied its technology to Palm and U.S. Cellular.
The acquisition makes sense for the world's largest phone maker, which has come under fire recently for not being aggressive enough in the emerging smartphone market.
"By driving innovation in all segments of our portfolio, we are building one of the largest consumer audiences for web services and content," said Niklas Savander, Executive Vice President, Services, Nokia, in a statement. "Novarra's Internet services technology delivered on the world's most widely-used mobile platform, Nokia's Series 40, will help us achieve this."
Most recently, Nokia's Ovi Store for applications was met with lots of hype but little substance.
Nokia said it expects a new service using the Novarra technology platform to be available later this year.
Terms of the acquisition were not disclosed.