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Nokia Buys Social Addressbook Startup Cellity For The Team

– July 24, 2009Posted in: Hot, cellity, nokia

cellitylogo Nokia Buys Social Addressbook Startup Cellity For The Team

German mobile startup Cellity is getting acquired by Nokia. The sale price was not disclosed, but it is not likely to be more than $10 million to $20 million. About a year ago, Vodafone bought Cellity’s competitor Zyb for 31.5 million Euros.

Nokia didn’t actually buy the whole company, only “certain assets” and the team, which is usually code for a fire sale. Cellity had a Series A round of funding in 2007, led by Mangrove Capital Partners.

Nokia Buys Social Addressbook Startup Cellity For The Team

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Nokia Buys Social Addressbook Startup Cellity For The Team

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