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Nokia acquires Eizel to enhance mobile enterprise portfolio
Technology brings extended, real-time, secure Internet connectivity to
businesses on wireless devices
Mountain View, Calif. (April 22, 2003) -Nokia (NYSE: NOK) today
announced a definitive agreement to acquire Eizel Technologies(TM), a
privately held software company, in a stock-for-stock merger at an
aggregate of USD $21 million. The Pittsburgh-based company
develops server-based products that transform email messages,
attachments, intranet applications and web content into formats easily
accessible by any mobile device on any network. This transaction is
subject to standard closing conditions. Eizel(TM) will integrate with the
enterprise network security division, Nokia Internet Communications of
the Nokia Ventures Organization.
"One of Nokia's key strategies is to bring extended mobility to
enterprises, and this acquisition is a significant step in that direction,"
said John Robinson, senior vice president of Nokia Internet
Communications. "Eizel(TM) has an innovative solution that sets a new
standard for businesses wanting real-time secure wireless access to
relevant Internet and intranet content anywhere, anytime. Until now,
accessing business content and enterprise applications on the Internet
without a wired broadband connection has been an unfriendly user
experience. This new technology will change that."
Eizel's flagship product makes enterprise email, attachments and
web-enabled applications (including intranet content) accessible from
browsers on any device over any wireless network. The Eizel(TM)
offering is unique because it is server based and requires no alteration
of source content and no additional client-side software. It provides
'on-the-fly' reformatting of source content to fit the form factor of the
mobile device while preserving interactive elements such as web forms.
"Nokia will build on Eizel's foundation to make wireless Internet access
interactive and highly satisfying for business users," said Dr. Sam
Leinhardt, president and CEO of Eizel(TM). "This is particularly
significant for enterprises that already maintain extensive content online
and need to exploit the functionality of full-function wireline email in their
everyday business operations regardless of where they happen to be.
It's exciting to become a part of a company that is shaping the future of
the mobile world and one that can support its customers on a 24/7 basis
throughout the world."
Nokia will integrate Eizel's unique mobility application with its own
secure enterprise product portfolio, backed by a worldwide support
system. The solution fits neatly within Nokia's mobile enterprise
connectivity roadmap, which is evolving from fixed perimeter security and
connectivity to secure mobile connectivity and interoperability. Nokia also
will have the flexibility of delivering the Eizel(TM) solution as a software
application for organizations that have standardized on UNIX or Linux
platforms from major hardware vendors. The Eizel(TM) solution
supports SSL encryption and LDAP-based authentication to ensure
secure access. Coupled with its other enterprise offerings, Nokia now
offers organizations the most comprehensive secure mobile connectivity
solutions available.
In addition to simplifying deployment and increasing system reliability
with a server-based software solution, Nokia also will couple Eizel's
mobility application with complementary security appliances and
innovative handsets, like the Nokia 6800, to produce solutions that
address key enterprise requirements such as fully functional mobile
email.
About Eizel
Eizel Technologies(TM) Inc. (www.eizel.com) employs advanced
computer science technologies, such as artificial intelligence, machine
learning, pattern recognition and natural language processing, to solve
problems relating to universal access to content. The company's highly
scalable, low maintenance, cutting edge solutions leapfrog traditional
approaches dramatically reducing costs while increasing the breadth of
devices that can be used to access and interact with online content.
Eizel(TM) secured USD $4 million in funding from institutional and private
investors in July 2002. Founded in 2000 by scientists from Carnegie
Mellon Univeristy, Eizel(TM) currently employs 26 people.
About Nokia Internet Communications
Nokia Internet Communications, headquartered in Mountain View,
California, provides world-class Network Security, Virtual Private Network
and Internet Traffic Management solutions that ensure the security and
reliability of corporate enterprise and managed service provider
networks. Nokia is committed to enhancing the end-user experience by
bringing a new level of security and reliability to the network, enabling an
Internet transaction that is personal and trusted each and every time. For
more information, please visit www.nokia.com/securenetworksolutions.
Nokia Internet security and virtual private network appliances span the
spectrum of price/performance points and secure the widest range of
network environments, from the smallest branch office to the largest
Internet data center. The expansive product line, backed by world-class
global support and services, provides customers the ability to deploy
multiple solutions from a single product to secure all elements of a
distributed enterprise.
About Nokia
Nokia is the world leader in mobile communications. Backed by its
experience, innovation, user-friendliness and secure solutions, the
company has become the leading supplier of mobile phones and a
leading supplier of mobile, fixed broadband and IP networks. By adding
mobility to the Internet, Nokia creates new opportunities for companies
and further enriches the daily lives of people. Nokia is a broadly held
company with listings on six major exchanges.
This press release may contain forward-looking statements relating to
future events or future financial performance that involve risks and
uncertainties. Such statements can be identified by terminology such as
may, will, should, expects, plans, anticipates, believes, foresees, or
similar expressions, or the negative of such terms or comparable terms.
These statements are only predictions, and actual results could differ
materially from those anticipated in these statements based upon a
number of factors including those identified in Nokia's filings with the
SEC.
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