Geo Week News

November 13, 2012

Nokia to acquire earthmine


BERKELEY, Calif – Earthmine, a firm specializing in mobile 3D data capture resulting in panoramic imagery, announced yesterday it is has entered into an agreement to be acquired by Nokia. Terms of the deal were not released, but the earthmine team said they expect to join the Nokia Location & Commerce business and that their offices here “will become a key site for the development of 3D reality capture technology.”

“We are very excited to be joining Nokia – a company with a huge presence and vision in mapping,” said John Ristevski, co-CEO of earthmine, in a statement “We could not hope for a better place to fulfill and accelerate our mission of indexing the world in 3D.”

In a blog post announcing the acquisition Nokia’s Pino Bonetti wrote that, “we have been investing and will continue to investing time and money to build the world’s most powerful location offering,” and “our industrial collection of data is about to leap a chasm with the planned acquisition of earthmine”

SPAR has written about earthmine a number of times, including a first profile of the company in 2008, and a write-up of the company’s first user conference in 2011. This article details the company’s go-to-market strategy and its relationships with the likes of Esri and Autodesk.

The Nokia transaction is expected to close by the end of 2012.

SPAR continues to report on this story.

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