NOKIA TO BUY CAL MESSAGING COMPANY
SAN JOSE - 11/28/05 - Wireless messaging and e-mail management firm Intellisync Inc. will reportedly be acquired by mobile telecom giant Nokia to boost the Finnish company's position in the corporate mobile e-mail market.
Nokia - the world's largest cell-phone maker - said in a public statement that the deal would give it "a stronger line-up of products and services for business mobile e-mail, as well as a broader base of customers."
The Finnish firm said it would pay about $430 million for the California-based company and that it expects to complete the takeover sometime in the first quarter of next year.
Analysts said the deal was small but strategically important for Nokia as it aims to sell more phones to business users who want to be able to use e-mail on the move.
Nokia launched a system earlier this year designed to allow workers at almost any level to send and receive e-mail from their handsets, intended to make it more cost-effective and possible on a wider range of phones.
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