Wednesday, July 22, 2009

Accenture to Buy Professional Services Unit From Nokia

Accenture (NYSE: ACN), a business consultancy and outsourcing firm, has agreed to acquire the professional services unit of Nokia responsible for Symbian customer engineering and customer support.

The Symbian operating system is the world's most widely used platform for smartphones. Terms of the transaction were not disclosed.

According to Accenture, the Nokia unit provides engineering consulting and product development services to mobile phone manufacturers, chip manufacturers and mobile operators globally.

The unit's services include technical support, device-tuning techniques, error diagnosis and repair and software development services that can be used in a range of technical environments.

Around 165 Nokia professional services engineers and consultants in the United Kingdom, Finland, Japan, Korea and Australia are expected to transfer to Accenture as a result of the agreement.

The transaction is scheduled to close within 60 to 90 days.

New York-based Accenture has around 177,000 people serving clients in more than 120 countries. The company posted net revenues of $23.39 billion for the fiscal year ended August 31, 2008.

Espoo, Finland-based Nokia is a maker of mobile devices.

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