Nokia Acquires Private Social Network Firm Plum Ventures

Authored by Mark Hefflinger on September 11, 2009 - 6:29am.

Espoo, Finland - Nokia (NYSE: NOK) announced on Friday that it has acquired certain assets of Plum Ventures, the developer of a cloud-based social media sharing and messaging service for private groups.

Financial terms of the transaction were not disclosed.

Founded in 2004, San Francisco-based Plum offers a social networking service for private groups, such as families, schools or neighborhoods.

The company was backed by Vulcan Capital and Levensohn Venture Partners.

Related Links:
http://snipurl.com/rr908

http://pluminc.com/blog/archives/2009/09/nokia-to-acquire-plum.html

http://www.plum.com