Nokia buys location-savvy social network

Faced with Google’s location-savvy Android platform and the new and improved Apple iPhone, Nokia has reached a strategic deal to acquire a social networking service with location-aware features, Plazes, for an undisclosed amount.
Plazes provides a context-aware 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.
“This acquisition helps Nokia to accelerate its vision of bringing people and places closer together, in line with our broader services strategy,” said Niklas Savander, Head of Nokia Services & Software.
Nokia hopes to extend its services with social presence and time-based activity planning features.
The agreement is subject to customary closing conditions and is
expected to close in the third quarter 2008.
Plazes users can update their location through their laptop or mobile phone, and update their online presence with their current, past and future whereabouts, making it easier to hook up with family, friends and any crazed axe murderers who may have ended up in your contacts list (OK, we invented that last bit).

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