Nokia and Intellisync today announced they have signed a definitive agreement for Nokia to acquire Intellisync. By acquiring Intellisync, Nokia is positioned to deliver the industry's most complete offering for the development, deployment and management of mobility in the enterprise.

The transaction will also enhance Nokia's ability to respond to customer needs in this fast growing market. The combination of Nokia's security expertise, mobile device leadership, customer reach and partner relationships coupled with Intellisync's proven wireless email, synchronization and device management software and skilled workforce is expected to significantly extend Nokia's position within the enterprise mobility market. 

Intellisync delivers some of the largest deployments of wireless email over the widest array of devices and application platforms across carrier networks all over the world. The company has been at the forefront in enterprise mobility applications and device mobility with its wireless messaging software. Intellisync technology allows for synchronization of data and files with high levels of accuracy and security across complex software applications. 

Nokia will be able to offer its customers the ability to connect practically any device to any data source, application, or network, empowering companies as they make mobility a defacto way of doing business. 

Under the terms of the agreement, Intellisync stockholders will receive USD 5.25 per share in cash for each Intellisync common share, implying an enterprise value of approximately USD 430 million or approximately EUR 368 million (on a fully-diluted basis). The transaction is expected to be completed in the first quarter of 2006.