investment

Both Nokia and Siemens have a joint venture branded Nokia Siemens Network, which provides telecoms equipment in a number of supported markets. According to those familiar with future plans, Nokia Siemens Networks plans to raise as much as €700 million from public markets in spring 2013. This is said to help write off current debt while funding required investment.

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The speech recognition service, offering similar capabilities to Apples Siri is set to get a sweet little cash injection. The company has just walked away from talks to inject $5 million US into expanding its service to include more accents and languages.

The company is working closely with Nuance Communications to deliver mobile apps for Android and Apple devices and even bring the service to normal cell phones too. They aim to bring the service to tablets and computing headsets also.

Ask Ziggy also announced that they intend to release its SDK shortly. Sounds like good news for the company. It is clear that investors see the market value of these speech recognition systems. As Windows Phones users, we have had Ask Ziggy for some time and overall folks seem happy with the service.

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File this under: interesting

For those who were on Windows Mobile, you may remember a little app called 'Waze' (see here). The app combined GPS, traffic and a social network for voice-guided turn-by-turn directions as well as user-submitted reports on traffic, accidents, etc. A neat idea that has resulted in 4.5 million users (see iPhone, Android and yet something we haven't seen on Windows Phone.

That may all change though as Microsoft (and others) have reportedly invested $25 million into the company back in December of 2010--yeah, that's quite awhile ago. It's not clear how much of that $25 million came from Microsoft, but it is possible that it's a significant chunk. [Skepticism alert: Waze announced this on their blog back in December too and no one noticed because Microsoft was not named. Take that as you will.]

Assuming this is true, we've seen Microsoft do this a lot recently (see Skype, Nokia, Canesta and GeoVector) and it makes sense that Microsoft could want to license Waze's data and network for Windows Phone. But lets not get ahead of ourselves as that hasn't been announced. But like the say in the movies....follow the money.

Source: The Marker, via BGR, Thanks, Vanessa

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