Nokia to acquire Scalado, build a better Lumia (Updated)

Scalado has more than a few tricks squirreled away in its mobile imaging bag, tricks that have served the likes of HTC and RIM well. Now, Espoo want those tricks all to itself. After working with the Swedish firm for years, Nokia has decided to take its partnership with Scalado to the next level: acquisition. The imaging outfit will be turning over its developers, intellectual property, technology and moniker over to Nokia in the third quarter of 2012 -- although the terms of the deal are confidential. Finland's favorite smartphone manufacturer plans to use Scalado's technology to enhance "imaging experiences for Nokia Lumia devices." Sounds good to us. Check out the official (and brief) press release after the break.

Update: Nokia has contacted us to amend its original statement somewhat. While it's acquiring the imaging company's developers, technologies and IP portfolio, it's not buying the company outright. We suspect that this is more a quirk of company law -- since Scalado still has obligations with HTC and RIM, it can't leave them in the lurch. We've included the follow-up statement after the jump.

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Nokia to acquire Scalado, build a better Lumia (Updated) originally appeared on Engadget on Thu, 14 Jun 2012 03:20:00 EDT. Please see our terms for use of feeds.