The Associated Press July 12, 2010, 2:22PM ET

Nokia sells MetaCarta 3 months after acquisition

Nokia Corp., the world's biggest mobile phone maker, on Monday said it has sold MetaCarta Inc., a location-based search service it acquired just three months ago.

The buyer is Qbase Holdings LLC, a U.S. company. Terms were not disclosed.

Nokia, which is based in Finland, said it is keeping Qbase's "geographic intelligence technology" incorporating it in local search and other services.

Privately held MetaCarta, in Cambridge, Mass., serves government and the oil and gas industry and employs about 30 people.

Financial terms were not disclosed.


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