Nokia to acquire social-activity service provider Plazes

Connecting People just got easier with services that track place and time

Espoo, Finland and Berlin, Germany, (PresseBox) - Nokia and Plazes (www.plazes.com) today announced an agreement for Nokia to acquire substantially all assets of Plazes, a privately-owned start-up company of 13 people with its principal operations in Berlin. Plazes provides a context-aware social-activity service that people can use to plan, record, and share their social activities: why they are at a given location at a given time, whether in the past, present or future.

"This acquisition helps Nokia to accelerate its vision of bringing people and places closer together, in line with our broader services strategy," said Niklas Savander, Head of Nokia Services & Software. "In addition to the key assets, through this acquisition Nokia will bring on a visionary team with an advanced understanding of social-activity services, as well as the technical ability to further develop this area."

By acquiring Plazes, Nokia will be able to extend its context-based service offering with social presence and time-based activity planning features. Plazes adds the elements of "place" and "time" to social networking through features that allow people to alert friends of their activity and location; review their own and others' past activities; share their experiences and make plans with friends, who are then able to respond with comments and suggestions as well as their own location information.

"Nokia shares our vision of the social activity space and of how we can together develop the service that Plazes provides today," said Felix Petersen, co-founder of Plazes. "We feel proud of what the Plazes team has achieved so far with its pioneering work in context-aware services and we feel even more excited about what's to come next."

The agreement is subject to customary closing conditions and is expected to close in the third quarter 2008. After closing, Plazes will become part of Nokia's Services & Software unit.

About Plazes

Plazes AG is one of the pioneering web platforms for location sharing and publishing on the web today. Members of Plazes are able to update their location through their laptop or mobile phone, and update their online presence with their current, past and future whereabouts. That way Plazes provides location-based context and real-life value when coordinating with friends, family and business partners. Plazes AG is headquartered in Zurich, Switzerland with a development office in Berlin, Germany. For additional information, please visit www.plazes.com.

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