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July 24, 2012 02:54 pm GMT
Today Nokia announced that its deal to buy imaging company Scalado has been finalized — a sign of anotherpiece of the puzzle falling into place for Nokia as it continues to restructure to reverse huge declines in handset sales. But that dark, Finnish cloud has a silver lining that we’ve been noticing: the emergence of a bunch of startups being formed by many among the 40,000 people that have been laid off. The other day we wrote about how some of the smaller players have been picking up funding from Nokia courtesy of its Bridge program. And now we’ve come across what might possibly be one of the more ambitious spin-offs yet. Oulutalent is a team of no less than 500 former-Nokia employees based in the town of Oulu. The skills on offer, and the ready-made team, is a testament to what Nokia has had to drop by the wayside, but also what is on the market for the many tech companies out there fighting the war for talent. Averaging more than 10 years of experience, the group claims to have “created over 50 devices including major blockbusters. In addition to devices, we have done novel cloud services and UI platforms from scratch.We are on the leading edge with touch and LTE phones, Linux and WiMax tablets and we have world-class technical competence on all.” The group is being led byPekka Vyrynen, an engineer who developed patented wireless technology for Nokia (that is, the patents that are reported worth up to $6 billion and may well start getting sold off to help Nokia’s cash position). Effectively, what we have in Oulutalent is a handset-making operation that could in theory be bolted on to a company with mobile ambitions (Amazon? A new Asian entrant? Nokia’s MeeGo spinoff Jolla?); or one that is growing already and needs to expand. It plays on the big area of outsourced operations — something that may have been too expensive for Nokia to maintain may well be hard for another as well; this lets that cost stay off the balance sheet. Oulutalent notes that it can provide a range of consulting and technical services, from identifying market opportunities and planning product portfolios; to “concepting” (covering hardware and user experience, simulation and prototyping); turning those concepts into products; and then helping with the aftersales. One twist is that the team is not in full effect yet, with
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/9DlMo2N7kPI/
As Nokia Completes Scalado Purchase, Another Ambitious Ex-Employee Spinoff Emerges: Oulutalent
Today Nokia announced that its deal to buy imaging company Scalado has been finalized — a sign of anotherpiece of the puzzle falling into place for Nokia as it continues to restructure to reverse huge declines in handset sales. But that dark, Finnish cloud has a silver lining that we’ve been noticing: the emergence of a bunch of startups being formed by many among the 40,000 people that have been laid off. The other day we wrote about how some of the smaller players have been picking up funding from Nokia courtesy of its Bridge program. And now we’ve come across what might possibly be one of the more ambitious spin-offs yet. Oulutalent is a team of no less than 500 former-Nokia employees based in the town of Oulu. The skills on offer, and the ready-made team, is a testament to what Nokia has had to drop by the wayside, but also what is on the market for the many tech companies out there fighting the war for talent. Averaging more than 10 years of experience, the group claims to have “created over 50 devices including major blockbusters. In addition to devices, we have done novel cloud services and UI platforms from scratch.We are on the leading edge with touch and LTE phones, Linux and WiMax tablets and we have world-class technical competence on all.” The group is being led byPekka Vyrynen, an engineer who developed patented wireless technology for Nokia (that is, the patents that are reported worth up to $6 billion and may well start getting sold off to help Nokia’s cash position). Effectively, what we have in Oulutalent is a handset-making operation that could in theory be bolted on to a company with mobile ambitions (Amazon? A new Asian entrant? Nokia’s MeeGo spinoff Jolla?); or one that is growing already and needs to expand. It plays on the big area of outsourced operations — something that may have been too expensive for Nokia to maintain may well be hard for another as well; this lets that cost stay off the balance sheet. Oulutalent notes that it can provide a range of consulting and technical services, from identifying market opportunities and planning product portfolios; to “concepting” (covering hardware and user experience, simulation and prototyping); turning those concepts into products; and then helping with the aftersales. One twist is that the team is not in full effect yet, withOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/9DlMo2N7kPI/
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