BERKELEY, Calif. -- earthmine Inc. announced today that it is has entered into an agreement to be acquired by Nokia. earthmine, based in Berkeley, California, is a privately-owned company that develops a powerful end-to-end 3D street level imaging solution -- from collection hardware to processing workflows, cloud hosting and client software.
The earthmine team is expected to join the Nokia Location & Commerce business and Berkeley, California 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 Inc. "We could not hope for a better place to fulfill and accelerate our mission of indexing the world in 3D.
The transaction is expected to close by the end of 2012. The terms of the transaction are confidential.