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Nokia acquires media sharing platform

Posted: 26 Jul 2007 ?? ?Print Version ?Bookmark and Share

Keywords:media sharing? Twango platform? multimedia content sharing?

Nokia Corp. has acquired all assets of Twango, a provider of comprehensive media sharing solution for organizing and sharing photos, videos and other personal media.

Twango is a privately owned company founded by Microsoft veterans, with headquarters in Redmond, Washington, U.S.A. Twango's platform makes organizing, sharing and republishing media such as photos, videos and audio clips easy. It also supports multiple media types and offers a comprehensive array of options for people to manage, share and repurpose their personal media content.

With this acquisition, Nokia will be able to offer people an easy way to share multimedia content through their desktop and mobile devices. In addition to key assets, through this transaction Nokia is bringing on a seasoned team with strong social media and Web services expertise.

"The Twango acquisition is a concrete step towards our Internet services vision of providing seamless access to information, entertainment and social networksat anytime, anywhere, from any connected device, in any way that you choose. We have the most complete suite of connected multimedia experiences including music, navigation, games andwith the Twango acquisitionphotos, videos and a variety of document types," said Anssi Vanjoki, executive VP and general manager for multimedia at Nokia.

"Nokia's unique vision for social media aligns perfectly with Twango," said Twango co-founder, Jim Laurel. "It's really exciting to imagine what we can achieve by combining our social media experience with the resources of a company that has played such a major role in shaping the mobile landscape. Now, we will have the resources to deliver on our vision to enable people to capture and enjoy their personal media on mobile devices, desktop computers and in all the other places that are important to them."

Financial terms of the acquisition were not revealed.

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