Nokia, Intuit Team Up

LONDON -- Today, Intuit (Nasdaq: INTU) and Nokia announced an alliance to develop and deliver an innovative new mobile and web based marketing service for small businesses around the world.

Addressing one of the leading concerns for the world's estimated 500 million small businesses, the new service will be designed to help them get more business through personalized, relevant offers and marketing messages, in a way unmatched by traditional methods.

The first market launch of the service is expected in the fourth quarter of 2010, further details will be made available at that time.

"Small businesses need every advantage to stay ahead of the pack in today's competitive environment," said Alex Lintner, President, Intuit Global Business Division. "We plan to offer them a way to strengthen customer relationships, through targeted communications that increase sales by delivering more customer visits. We're applying the same proven formula we've used with QuickBooks to help small businesses succeed by better serving their customers. We are thrilled to partner with Nokia to bring our respective areas of expertise to bear in developing this revolutionary service."

Nokia Corp. (NYSE: NOK)