Buried in a press release announcing 10,000 additional lay-offs and 3 top executives stepping down from the company, mobile phone maker Nokia said it has acquired assets of Swedish mobile imaging technologies company Scalado.
More specifically, it is buying ‘imaging specialists as well as all technologies and intellectual property’ after what Scalado calls a ‘longstanding relationship’.
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From the press release:
In Smart Devices, Nokia plans to extend its strategy by broadening the price range of Lumia and continuing to differentiate with the Windows Phone platform, new materials, new technologies and location-based services.
In line with this strategy, Nokia today announced the planned acquisition of assets from Sweden-based Scalado, which currently has imaging technology on more than 1 billion devices. This acquisition is aimed at strengthening Nokia’s imaging assets.
The acquisition is aimed at ‘enhancing imaging experiences’ for Nokia Lumia devices and is expected to close during the third quarter of 2012.
On its website, Scalado says it has more than 50 patent and patent-pending technologies, which was likely also a key factor in the decision-making for the deal.
Scalado’s technologies enable the mobile capturing, viewing and editing of high-res still images with minimal battery and memory consumption. Its solutions are licensed by the top five mobile phone manufacturers, top 10 ISP/Sensor companies and most leading platform providers, Scalada claims.
It boasts: “When someone is using a camera phone, it’s very likely that Scalado’s patented imaging platform is onboard.”
Founded in 2000, Scalado’s main shareholders were NorthCap Partners, Industrifonden, Teknoseed, and the company’s founders.
It has offices in Lund, Sweden (HQ), Korea, China, Taiwan, Singapore and the United States and employs roughly 110 people.