Research in Motion is still the leader in their department with the BlackBerry line, but that growing shape they see in their rear-view mirror is Nokia. Two months ago Nokia signaled its intent to take on RIM by becoming the first major company to announce its own mobile e-mail service. Now they have bid $430 million ($5.25 per share) to buy Intellisync. That company provides mobile e-mail access and access to other desktop information to 500,000 users. The services are then rebranded by wireless carriers.
The takeover will be completed in the first quarter of next year. It will, according to Nokia company spokesperson, “significantly extend” the company’s position in the market for business uses.
If there was any doubt that Nokia was serious about growth in this sector, they have been put to rest by this acquisition.