HELSINKI, Finland-Nokia Corp. signed a definitive agreement to acquire Vienna Systems, a privately held Internet Protocol telephony company of Kanata, Ontario, for about $90 million.
Vienna Systems designs and manufacturers hardware and software products for voice, fax and video communications over IP networks, including the Internet and private intranets.
Executives at Nokia said a major factor in the acquisition was Vienna’s IP prowess, which Nokia believes will offer great growth potential in the near future.
“Nokia and Vienna Systems share similar visions of two rapidly developing trends-the ubiquitous use of IP as a universal communications platform and the increasing use of wireless networks for transmitting data, video and voice,” said Pekka Ala-Pietila, Nokia executive vice president and deputy to the chief executive officer. “Time to market is crucial to success in this business. Vienna Systems’ prominent position in IP telephony provides Nokia with additional technical expertise and access to leading customers in this rapidly developing market.”
