|[November 13, 2012]
Nokia To Acquire earthmine Inc.
BERKELEY, Calif. --(Business Wire)--
earthmine Inc. announced today that it is has entered into an agreement
to be acquired by Nokia (News - Alert). 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 (News - Alert) at http://twitter.com/earthmine.
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