The following is an excerpt from Tarmo Virki | October 1, 2012 | foxnews.com |
HELSINKI – Nokia Oyj has agreed to give Oracle Corp’s (ORCL: 31.67, +0.21, +0.67%) customers access to its mapping products, as the mobile phone company seeks to expand its location services business.
The Finnish company, which bought the world’s largest digital mapping firm, Navteq, in 2008, has been looking for ways to boost the business and recently signed mapping deals with Groupon Inc (GRPN: 4.72, -0.04, -0.94%) and Amazon.Com Inc (AMZN: 252.01, -2.31, -0.91%).
In stark contrast with Nokia’s troubled mobile phone operation, sales at the location business grew last quarter, though it still generates only 4 percent of group revenue.
Oracle has developed a link between its own software and the Nokia Location Platform software, Nokia said on Monday. This enables the U.S. company’s business users to access the mapping services through its products.
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