Nokia acquiring imaging experts and intellectual property from Scalado
Troubled Nokia has some big changes going along the transformation route it has taken with tough job cuts and yet another reshuffle of its top management, but on the flipside of all the hardship, it has announced that it’s acquiring talent and intellectual property from Scalado for a better Windows Phone camera experience.
Nokia will acquire developers and imaging specialists to help it differentiate itself in the Windows Phone world, but also some of Scalado’s imaging technology and intellectual property.
Scalado is probably best known for its impressive image editing algorithms making possible such things as simply removing objects from photos, virtually without leaving a trace.
Scalado’s expertise seems a good match for Nokia’s groundbreaking PureView imaging technology, which now seems like one key advantage that could save the company in the future.
Right now, financial details of the deal are not available and its full extent is not clear. Scalado is also collaborating with RIM on integrating some of the imaging company’s features into BlackBerry 10 devices.
source: Nokia
Nokia to acquire developers, technologies and intellectual property for imaging from
Scalado
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 Håkan 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.
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