Pursuits
Nokia to Buy Medio for Analytics Data in Map Push Against Google
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Nokia Oyj agreed to buy analytics firm Medio Systems Inc., the Finnish wireless-technology company’s second acquisition in two weeks to bolster its Here mapping unit against Google Inc.
The purchase boosts Nokia’s ability to provide personalized maps and services using predictive data, according to a statement today from the company. Seattle-based Medio, which was founded in 2004 and has about 70 workers, is owned by Accel Partners, Frazier Technology Ventures, Mohr Davidow Ventures and Trilogy Equity Partners. The deal’s value wasn’t disclosed.