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Telecommunications Nokia to buy Intellisync for $US430m
Telecommunications Nokia to buy Intellisync for $US430m | Nokia to buy Intellisync for $US430m |
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| by Stuart Corner | |
| Thursday, 17 November 2005 | |
  
Nokia says that its expertise and market strength in mobile devices and security and its customer reach combine with "Intellisync's proven wireless email, synchronisation and device management software and skilled workforce" will "significantly extend Nokia's position within the enterprise mobility market." Intellisync claims to deliver some of the largest deployments of wireless email over the widest array of devices and application platforms across carrier networks worldwide. "More than 75 percent of the Fortune 50 companies and over 35 wireless carriers worldwide are 'Powered by Intellisync'. Some of the largest global corporations that have selected Intellisync as their mobility solution standard, include America Online, Crédit Agricole, Domino's Pizza, Guidant, Microsoft, NTT DoCoMo, Oracle, PeopleSoft, Pfizer, Target, T-Mobile, Union Pacific, Verizon Wireless, Vivo, Wind and Yahoo!" Under the terms of the agreement, Intellisync stockholders will receive $US5.25 per share in cash which values the business at around $US430 million. The transaction is expected to be completed in the first quarter of 2006. Intellisync was founded in 1993 and has approximately 450 employees. |
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