By Julie Wernau | Nokia has signed a deal to purchase a privately-held Chicago company that provides mobile internet platforms that can be used on smart phones. The move comes as cellular providers scramble for their share of the booming smart
phone market.
The company announced Friday that it will acquire 100 percent of the
outstanding shares of Novarra, Inc. — a 100-employee company that
provides browsing, search, applications, video and advertising platforms
for mobile devices — and expects the deal to close in the second
quarter. The deal would make Novarra a wholly-owned subsidiary of Nokia.
Financial details were not disclosed.
