Nokia completes acquisition of Intellisync

Nokia completes acquisition of Intellisync

Nokia (NYSE: NOK) today announced it has completed its acquisition of Intellisync, a leader in platform-independent wireless messaging and applications for mobile devices. As a result of the acquisition, Intellisync common stock is no longer publicly traded and each share of Intellisync common stock has been converted into the right to receive $5.25 in cash.

The transaction will enhance Nokia’s ability to respond to customer needs and effectively puts Nokia at the core of any mobility solution for businesses of all sizes. Intellisync’s entire product range will continue to be sold under the Intellisync name as part of Nokia’s business mobility solutions software business line within its Enterprise Solutions business group.

“This acquisition puts Nokia in an unparalleled position in the business mobility market,” said Mary McDowell, executive vice president and general manager, Nokia’s Enterprise Solutions business group. “By combining the existing Nokia offerings with the leading software, synchronization and device management solutions from Intellisync, we are able to connect practically any device built on any platform, to any data source, application or network.”

Read the complete Press Release