Nokia Buys Location-Based Social Net Plazes
By Rafat Ali - Mon 23 Jun 2008 12:20 AM PST
Nokia (NYSE: NOK) is continuing on its social media related acquisition trail: it has now bought out Zurich and Berlin-based social networking service Plazes. Terms of the deal were not disclosed.
Founded in Dec. 2005, it had seed funding from business angels such as Esther Dyson and Marc Andreessen and then raised its first round of $3.5 million from from Doughty Hanson Technology Ventures. It has 13 employees. Plazes provides a location-based 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. Nokia will integrate this service into its own handsets. After an expected Q3 closing, Plazes will become part of Nokia’s Services & Software unit. More details in release.
Nokia has bought a slew of social networking and media services over the last year of so, including Twango, Enpocket, Loudeye and then its big buy of mapping company Navteq.
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