Amsterdam - Nokia (NYSE: NOK) announced on Tuesday that it will acquire Avvenu, the provider of a service that offers mobile access to personal files stored on a PC, including users’ iTunes music libraries.
Financial terms of the transaction were not disclosed.
Founded in 2004, Palo Alto, Calif.-based Avvenu lets users search, access and share PC files remotely, even when the PC is not on or connected to the Internet. (Note: The Avvenu Music Player, which provides iTunes access, and sharing of up to 250 songs with friends, requires that a user’s PC be on.)
Nokia positioned the deal as enhancing its mobile services for businesses.
"With the integration of Avvenu’s technology, Nokia will further extend its business mobility solutions beyond email to add collaboration tools that enable greater everyday productivity through access to a user’s own content anytime, anywhere, from any connected device," said Mary McDowell, EVP and general manager of Nokia’s enterprise solutions division.
Related Links:
http://www.nokia.com/A4136001?newsid=1172938
http://snipurl.com/1un3x (DMW previous coverage)
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