Nokia acquires Intellisync for $430 million

Nokia said it is acquiring Intellisync for US$430 million.

Nokia Corp. said on Wednesday that it is acquiring Intellisync Corp. in a deal valued at US$430 million. Intellisync makes wireless e-mail, synchronization and device management software.

The deal is designed to help Nokia extend its position in the enterprise mobility market, the company said. Nokia recently introduced the Nokia Business Center, software that initially offers push e-mail and later is expected to allow remote access to other corporate databases. Nokia also recently unveiled new handsets specifically geared toward the wider enterprise user, beyond the executive corridor. With the Intellisync acquisition, Nokia said it plans to offer customers the ability to connect a wide range of devices to essentially any data source.

Intellisync is based in San Jose, California, and employs 450 people.

Intellisync stockholders will receive $5.25 per share and the deal is expected to close in the first quarter 2006.

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