nokia lumia Nokia Acquires Scalado "imaging firm"

[subcld]

Acquisition aimed at enhancing imaging experiences for Nokia Lumia devices

Espoo, Finland and Lund, Sweden: Nokia is announcing plans to acquire world-class imaging specialists as well as all technologies and intellectual property from Scalado AB.

"Nokia has been working with Scalado for more than ten years and they've contributed to many of our leading imaging applications," said Jo Harlow, executive vice president, Smart Devices at Nokia. "This transaction would enable us to combine our leadership in camera devices with their expertise in imaging, helping people move beyond taking pictures to capturing moments and emotions and then reliving them in many different ways."

The Lund site is planned to become a key site for Nokia's imaging software for smartphones, in addition to Nokia's existing locations in Espoo and Tampere, Finland.

"This is a great opportunity for many of our people to show their leadership in imaging and to continue to build its future," said H?kan Persson, chief executive officer of Scalado AB. "Doing this as part of Nokia, already a leader in mobile imaging, will reinforce the strength of the technologies and competences developed at Scalado. We are very excited about this opportunity, which is a natural next step in our longstanding relationship with Nokia."

The transaction, which is subject to customary closing conditions, is expected to close during the third quarter of 2012. The terms of the transaction are confidential

Source:

http://press.nokia.com/2012/06/14/nokia-to-acquire-developers-technologies-and-intellectual-property-for-imaging-from-scalado/

[the better twin]

Heard they are also axing another 10,000 jobs:

http://www.bbc.co.uk/news/business-18438052

Seems like they are intent on focussing on what they are good at, while "trimming" everything else.

[George P Global Moderator]

Heard they are also axing another 10,000 jobs:

http://www.bbc.co.uk...siness-18438052

Seems like they are intent on focussing on what they are good at, while "trimming" everything else.

Since they just picked up this company for imaging I bet a good chunk of the 10k they plan to fire are from their own internal imaging group. No need to have overlapping workers etc. Anyways, Nokia was probably bigger than it had to be anyways, as bad as it sounds, some people have to go at some point.

THis is why other companies, like MS for example, hire groups on contracts, to work on a project and then they're done, basically fancy temporary workers, but the pay is still good I'd say.