Nokia (NYSE: NOK) today announced it has completed its acquisition of Intellisync, a leader in platform-independent wireless messaging and applications for mobile devices. As a result of the acquisition, Intellisync common stock is no longer publicly traded and each share of Intellisync common stock has been converted into the right to receive $5.25 in cash.
The transaction will enhance Nokia's ability to respond to customer needs and effectively puts Nokia at the core of any mobility solution for businesses of all sizes. Intellisync's entire product range will continue to be sold under the Intellisync name as part of Nokia's business mobility solutions software business line within its Enterprise Solutions business group.
"This acquisition puts Nokia in an unparalleled position in the business mobility market," said Mary McDowell, executive vice president and general manager, Nokia's Enterprise Solutions business group. "By combining the existing Nokia offerings with the leading software, synchronization and device management solutions from Intellisync, we are able to connect practically any device built on any platform, to any data source, application or network."
"Broad connectivity and application support for a multitude of device manufacturers and platforms is absolutely critical to the uptake of mobility in the business world," continued McDowell. "The reality is that employees use a variety of devices and applications today, and many companies are challenged to provide those employees with the ability to connect to corporate information and applications like email. We know that we can drive the development of the market by continuing to work closely with our partners and redefine the way people and businesses communicate."
With the completion of this acquisition, the Intellisync team becomes part of Nokia's Enterprise Solutions business group, led by Mary McDowell, executive vice president and general manager.
About Nokia
Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. www.nokia.com.
PRESS RELEASE 2
February 12, 2006
