SigEx Telecom : Nokia targets content sharing with Twango buyby Delia Cruceru

The Internet media sharing site Twango was purchased by Finland’s mobile giant Nokia for a price, rumors say less than $100 million. Twango is a company from Redmond Washington, and it was founded by former Microsoft employees, and it developed a platform for organizing, sharing and publishing videos and photos using phones or computers. "The Twango acquisition is a concrete step towards our vision of seamless access to information, entertainment and social networks at anytime from any connected device in any way you choose," said Anssi Vanjoki, executive vice president and general manager of multimedia at Nokia. "When you combine a Nokia Nseries multimedia computer with a rich media sharing destination like Twango, people will have exciting new ways to create and enjoy rich media experiences in real time." It’s not the first acquisition Nokia made, they also bought a Seattle based company named Loudeye, an online audio provider and the German company Gate5 that developed mapping, routing and navigation software, which the mobile giant uses for its phones. A senior analyst from Canalys, Pete Cunningham, said that this acquisition for Nokia will bring good results, having a web 2.0 service site, similar to Facebook or MySpace, bringing them significantly improve average revenue per user.

related story: http://www.vnunet.com/vnunet/news/2194869/nokia-content-sharing-twango-acquisition

by Delia Cruceru for SigEx Telecom (http://sigex.com)

SigEx Telecom is quickly becoming the leading telebroadcasting communications provider allowing people to easily talk, view, upload and share video clips through free online TV broadcasting, free unlimited global calls, websites, blogs, video-mails and SMS. SigEx Telecom captures many add-on services for its clients generating royalties and fees in a broad spectrum of marketing services including public relations and promotions.