Ailing Finnish phone maker Nokia Oyj (NYSE: NOK) said it will offer mapping services to customers of Oracle (Nasdaq: ORCL), the No. 1 database developer. The move could be one way by which Nokia moves into the enterprise market.
Terms weren’t disclosed. Oracle, of Redwood Shores, Calif., is holding its annual OracleWorld developers conference in San Francisco.
The link-up comes on the heels of the mapping fiasco by Apple (Nasdaq: AAPL), the world's most valuable technology company, whose iPhone 5 product deploys news Apple Maps, rather than the maps from rival Google (Nasdaq: GOOG), the No. 1 search engine.
Apple CEO Tim Cook issued an unusual apology for the problems on Friday.
For Nokia, which has already deployed the Windows OS from new partner Microsoft (Nasdaq: MSFT), the world's biggest software company, the move can further leverage its $8.1 billion acquisition of Navteq, one of the biggest providers of software mapping services.
U.S. shares of Nokia rose 18 cents to close at $2.76 in Monday trading, while Oracle shares gained 21 cents to $31.67.