Nokia yesterday presented its new strategy where it would be undergoing some major changes including a massive reduction in workforce. A part of that strategy is to acquire the Scalado AB.
Håkan Persson, chief executive officer of Scalado AB commented
This is a great opportunity for many of our people to show their leadership in imaging and to continue to build its future…
Doing this as part of Nokia, already a leader in mobile imaging, will reinforce the strength of the technologies and competences developed at Scalado. We are very excited about this opportunity, which is a natural next step in our longstanding relationship with Nokia.
While Jo Harlow, EVP, Smart Devices at Nokia, said
Nokia has been working with Scalado for more than ten years and they’ve contributed to many of our leading imaging applications. This transaction would enable us to combine our leadership in camera devices with their expertise in imaging, helping people move beyond taking pictures to capturing moments and emotions and then reliving them in many different ways
Scalado’s solutions are used in millions on devices worldwide. Post this acquisition, the existing licensing agreements will stay in place. However, any future developments are likely to be exclusive to Nokia. It will also give Nokia an upper hand position in smartphone imaging related intellectual property.