|Acquiring Company:||Nokia View Profile Add Homepage Google Search|
|Target Company:||UID (User Interface Design) View Profile Add Homepage Google Search|
|Announced:||Aug 20, 1998|
Nokia Multimedia Network Terminals strengthens its competence in software development
August 20, 1998
Nokia Multimedia Network Terminals acquires operations and all staff of the Swedish software company UID (User Interface Design) based in Linköping thus further strengthening its position as the leading supplier of system solutions and DVB-based multimedia terminals.
Nokia and UID have been working in close co-operation to develop advanced software applications since 1994. Today UID is an international consultancy with niche competence in the areas of computer science, graphical design and advanced value-adding software applications for user-friendly solutions. UID develops systems for media and communications. The main market is the European digital broadcasting industry with customers such as set-top box manufacturers, network operators and service/content providers.
"Our strategy is to offer terminals with software solutions to operators and service providers so that these services are more attractive and terminals are easier to use. Our past experience with UID has shown that our views on user friendliness of product are similar. We believe that working in closer co-operation now we can create even more attractive products in our line of business", says Heikki Koskinen, President, Nokia Multimedia Network Terminals.
Nokia Multimedia Network Terminals is a part of Nokia Communications Products Business Group. Nokia Multimedia Network Terminals is a pioneer in digital satellite, cable and terrestrial networks terminals for interactive multimedia applications. Distribution of broadband digital video, audio and data services, including television and interactive services, forms the basis of product development. Its R&D operations are located in Finland, Sweden and Germany.
Nokia is a broad-scope communications company supplying mobile phones, mobile and fixed telecommunications networks, wireless data communications solutions, multimedia terminals and computer monitors. In 1997, net sales totaled FIM 52.6 billion ($9.8 billion). Headquartered in Finland, Nokia is listed on the NYSE (NOK.A), has sales in 130 countries and employs more than 41,000 people worldwide.
President, Nokia Multimedia Network Terminals
Tel. +358 400 404 356
Tel. +46 13 371 200
Communications Manager, Nokia Corporate Communications
Tel. +358 9 1807 304
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|Jan 30 '08|