Nokia To Acquire earthmine Inc.
BERKELEY, Calif. -- November 13, 2012
earthmine Inc. announced today that it is has entered into an agreement to be
acquired by Nokia. earthmine, based in Berkeley, California, is a
privately-owned company that develops a powerful end-to-end 3D street level
imaging solution -- from collection hardware to processing workflows, cloud
hosting and client software.
The earthmine team is expected to join the Nokia Location & Commerce business
and Berkeley, California will become a key site for the development of 3D
reality capture technology.
"We are very excited to be joining Nokia - a company with a huge presence and
vision in mapping," said John Ristevski, co-CEO of earthmine Inc. "We could
not hope for a better place to fulfill and accelerate our mission of indexing
the world in 3D.
The transaction is expected to close by the end of 2012. The terms of the
transaction are confidential.
earthmine, Inc. is a world leader in 3D street level imagery delivering a full
end to end solution from 3D mobile mapping systems, automated data processing
pipelines, cloud based hosting services and server software, to desktop
software, client side developer tools and direct integration with leading GIS
software. earthmine has 30 partners across the Americas, Europe, Australia and
the Asia/Pacific regions, providing market and customer specific solutions in
conjunction with earthmine technology. earthmine technology is being used in
local search, mobile, mapping, GIS, safety, and security markets worldwide in
the United States, Mexico, Brazil, Canada, France, Australia, Japan, Malaysia,
Singapore, Korea, Saudi Arabia, as well as other countries around the world.
For more information, visit www.earthmine.com or follow earthmine on Twitter
Allison Niday, 408-828-4463
Nicole Conley, 831-464-8060
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