Nokia and Intuit form global alliance to create...
NOKIA / Nokia and Intuit form global alliance to create mobile marketing services for small businesses processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
LONDON, UK - 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."
 "This is a significant step which we expect will create future growth
opportunities," said Robert Andersson, Senior Vice President & Head of Corporate
Alliances and Business Development at Nokia. "Working with Intuit, we are
developing a breakthrough service to help small businesses deepen relationships
with their customers, leveraging our expertise in mobile and location based
services. We believe this will benefit consumers too, by helping them find their
favorite products and services in the right place, at the right time and at the
best price."
With hundreds of millions of its devices sold each year and more than 1.3
billion Nokia mobile devices in use around the world, Nokia is the world's
largest mobile device manufacturer as well as a leader in digital mapping and
navigation services, covering more than 70 countries in over 45 languages.
Currently serving millions of small businesses around the world, Intuit brings
unique understanding of small businesses, a proven focus on innovation and a
history of developing market-leading solutions to help small businesses improve
their bottom line with offerings such as QuickBooks and Intuit Websites.
"Small businesses have a strong appetite for tools that can help them reach
their customers and attract new ones," said Timothy Doherty, Research Analyst
for SMB mobility at IDC. "There is a real opportunity for cost effective
solutions that allow small businesses to proactively target the mobile customer
with highly contextual offerings based on location and past purchase behavior."
Note to editors: Media materials can be found at
http://about.intuit.com and
www.nokia.com/press.
FORWARD-LOOKING STATEMENTS
It should be noted that certain statements herein which are not historical facts
are forward-looking statements, including, without limitation, those regarding:
A) the timing of the deliveries of our products and services and their
combinations; B) our ability to develop, implement and commercialize new
technologies, products and services and their combinations; C) expectations
regarding market developments and structural changes; D) expectations and
targets regarding our industry volumes, market share, prices, net sales and
margins of products and services and their combinations; E) expectations and
targets regarding our operational priorities and results of operations; F) the
outcome of pending and threatened litigation; G) expectations regarding the
successful completion of acquisitions or restructurings on a timely basis and
our ability to achieve the financial and operational targets set in connection
with any such acquisition or restructuring; and H) statements preceded by
"believe," "expect," "anticipate," "foresee," "target," "estimate," "designed,"
"plans," "will" or similar expressions. These statements are based on
management's best assumptions and beliefs in light of the information currently
available to it. Because they involve risks and uncertainties, actual results
may differ materially from the results that we currently expect. Factors that
could cause these differences include, but are not limited to: 1) the
competitiveness and quality of our portfolio of products and services and their
combinations; 2) our ability to timely and successfully develop or otherwise
acquire the appropriate technologies and commercialize them as new advanced
products and services and their combinations, including our ability to attract
application developers and content providers to develop applications and provide
content for use in our devices; 3) our ability to effectively, timely and
profitably adapt our business and operations to the requirements of the
converged mobile device market and the services market; 4) the intensity of
competition in the various markets where we do business and our ability to
maintain or improve our market position or respond successfully to changes in
the competitive environment; 5) the occurrence of any actual or even alleged
defects or other quality, safety or security issues in our products and services
and their combinations; 6) the development of the mobile and fixed
communications industry and general economic conditions globally and regionally;
7) our ability to successfully manage costs; 8) exchange rate fluctuations,
including, in particular, fluctuations between the euro, which is our reporting
currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as
certain other currencies; 9) the success, financial condition and performance of
our suppliers, collaboration partners and customers; 10) our ability to source
sufficient amounts of fully functional components, sub-assemblies, software,
applications and content without interruption and at acceptable prices and
quality; 11) our success in collaboration arrangements with third parties
relating to the development of new technologies, products and services,
including applications and content; 12) our ability to manage efficiently our
manufacturing and logistics, as well as to ensure the quality, safety, security
and timely delivery of our products and services and their combinations; 13) our
ability to manage our inventory and timely adapt our supply to meet changing
demands for our products; 14) our ability to protect the complex technologies,
which we or others develop or that we license, from claims that we have
infringed third parties' intellectual property rights, as well as our
unrestricted use on commercially acceptable terms of certain technologies in our
products and services and their combinations; 15) our ability to protect
numerous Nokia, NAVTEQ and Nokia Siemens Networks patented, standardized or
proprietary technologies from third-party infringement or actions to invalidate
the intellectual property rights of these technologies; 16) the impact of
changes in government policies, trade policies, laws or regulations and economic
or political turmoil in countries where our assets are located and we do
business; 17) any disruption to information technology systems and networks that
our operations rely on; 18) our ability to retain, motivate, develop and recruit
appropriately skilled employees; 19) unfavorable outcome of litigations; 20)
allegations of possible health risks from electromagnetic fields generated by
base stations and mobile devices and lawsuits related to them, regardless of
merit; 21) our ability to achieve targeted costs reductions and increase
profitability in Nokia Siemens Networks and to effectively and timely execute
related restructuring measures; 22) developments under large, multi-year
contracts or in relation to major customers in the networks infrastructure and
related services business; 23) the management of our customer financing
exposure, particularly in the networks infrastructure and related services
business; 24) whether ongoing or any additional governmental investigations into
alleged violations of law by some former employees of Siemens AG ("Siemens") may
involve and affect the carrier-related assets and employees transferred by
Siemens to Nokia Siemens Networks; 25) any impairment of Nokia Siemens Networks
customer relationships resulting from ongoing or any additional governmental
investigations involving the Siemens carrier-related operations transferred to
Nokia Siemens Networks; as well as the risk factors specified on pages 11-32 of
Nokia's annual report Form 20-F for the year ended December 31, 2009 under Item
3D. "Risk Factors." Other unknown or unpredictable factors or underlying
assumptions subsequently proving to be incorrect could cause actual results to
differ materially from those in the forward-looking statements. Nokia does not
undertake any obligation to publicly update or revise forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent legally required.
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions
for small and mid-sized businesses; financial institutions, including banks and
credit unions; consumers and accounting professionals. Its flagship products and
services, including QuickBooks®, Quicken® and TurboTax®, simplify small business
management and payroll processing, personal finance, and tax preparation and
filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings
for professional accountants. Intuit Financial Services provides enhanced
online banking solutions and unique insights to help banks and credit unions
serve businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $3.5 billion in its fiscal year
2010. The company has approximately 7,700 employees with major offices in the
United States, Canada, the United Kingdom, India and other locations. More
information can be found at www.intuit.com.
About Nokia
At Nokia, we are committed to connecting people. We combine advanced technology
with personalized services that enable people to stay close to what matters to
them. Every day, more than 1.3 billion people connect to one another with a
Nokia device - from mobile phones to advanced smartphones and high-performance
mobile computers. Today, Nokia is integrating its devices with innovative
services through Ovi (www.ovi.com), including music, maps, apps, email and
more. Nokia's NAVTEQ is a leader in comprehensive digital mapping and
navigation services, while Nokia Siemens Networks provides equipment, services
and solutions for communications networks globally.
For more information, visit www.nokia.com/press or the Nokia Conversations blog
http://conversations.nokia.com.
Media Enquiries:
Nokia, Communications
Tel. +358 7180 34900
Email: press.services@nokia.com
Nokia, North America Communications
Tel. +1 972 894 4573
Email: communications.corp@nokia.com
Intuit, Michael Porcaro
Tel. +44 7786 545Â 145
Email: Michael_Porcaro@intuit.com
Intuit, Diane Carlini
Tel. +1 650 944 6251
Email: Diane_Carlini@intuit.com
[HUG#1444530]
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NOKIA
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originality of the information contained therein.
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