Espoo, Finland – Nokia (NYSE: NOK) announced on Friday
that is has acquired MetaCarta, a developer of geosearch and geotagging
technology.
Financial terms of the transaction were not disclosed.
Founded in
2001, Cambridge, Mass.-based MetaCarta offers
geographic intelligence applications including NewsMap, LocalAlerts and
GeoSearch News.
The company’s investors included Sevin Rosen, FA Technology
Ventures, Solstice Capital, Chisholm, Hunt Ventures, Chevron Technology
Ventures and In-Q-Tel.
Nokia plans to use MetaCarta’s technology in the area of
local search for its location and other services.
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