engine - 2:54 pm on Apr 9, 2010 (gmt 0)
Nokia Acquires Local Navigation Tech Company, MetaCarta [reuters.com]
The world's largest cellphone maker Nokia (NOK1V.HE) said on Friday it had bought U.S. geographic technology firm MetaCarta, as a part of its strategy to offer local navigation services to its customers.
It did not disclose the deal price, but said the Massachusetts-based company employed more than 30 people.
MetaCarta's technology combines geosearch and geotagging allowing users to find written content about any place.