Nokia Corp. Dials Up And Acquires Twango

Nokia and Twango LogosNokia Corporation (NYSE: NOK) announced today that they have acquired Twango. Twango is a photo sharing website that is headed by Jim Laurel and Serena Glover.

Laurel developed iBasic and dbWeb technology for his company, Aspect Software Engineering, a company that was acquired by Microsoft a few years later. This was the foundation of Microsoft ASP (Active Server Pages). Laurel received his B.A. in Economics from St. Mary’s College of Maryland.

In her previous work, Glover founded the Microsoft Developer Network (MSDN), a content publishing software that supported Microsoft Windows’ developers. A lot of Microsoft’s APIs, open source applications, and software downloads are available on MSDN. Glover received a B.A. and an M.B.A. from The University of Michigan.

Although the exact amount of the acquisition was not disclosed, the Wall Street Journal wrote that a source says that it will be for less than 70 million Euros ($98.6 million).  Through this acquisition, Nokia aims to seamlessly integrate mobile telecommunication technology with popular Internet websites.

[1] Wall Street Journal: Nokia Buys Twango in Web Push

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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