Nokia according to a report, has signed a deal to acquire OZ Communications, a Canadian-based mobile email and IM application developer. OZ Communications has developed products used for mobile IM and email that allow users to access all major email and IM providers. It has also developed a social networking tool that receives alerts from MySpace, Facebook, Flickr and other social media sites.

“With OZ, Nokia is renewing its mission of Connecting People by enabling consumers to easily connect and communicate using their favorite Internet communities,” said Niklas Savander, Head of Nokia Services & Software. “OZ’s team and technology will help Nokia to address the fast growing consumer messaging market.”

By acquiring OZ, Nokia will enable easy-to-use, fast access to leading instant messaging and email services, including AOL®, Gmail, ICQ®, Windows Live(TM) Hotmail, Windows Live(TM) Messenger and Yahoo!®. With more than 5.5 million monthly paid users, OZ’s solutions have been deployed by leading mobile operators on a wide array of mobile device platforms.

“OZ has been working closely with Nokia since 2003 - joining forces at this point is a natural extension of our partnership,” said Jim Knapik, President and CEO of OZ. “We are excited about taking OZ’s solutions to consumers worldwide by leveraging Nokia’s devices and distribution scale.”

No financial terms were disclosed for the deal, which is expected to close later this year.

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