Nokia Buys Browser Company Novarra

Novarra, the Chicago-based software company which makes mobile browsers for operators, has been acquired by Nokia (NYSE: NOK), for an undisclosed sum. Nokia will use Novarra’s mobile browser and services platform for its own low to mid range handsets, it says. The deal is expected to close in Q2, and new service offering utilizing the Novarra technology platform will be available later this year. Details in release.

Novarra, founded in 2000, last raised a big $50 million round in 2007, led by longtime backer JK&B Capital, with Qualcomm (NSDQ: QCOM) as a strategic. Last year the company’s longtime CEO Jayanthi Rangarajan stepped down, and it reportedly laid off about 20 percent of staff, amidst business difficulties.