Shearman & Sterling is advising long-standing client Nokia Corporation and its HERE business in the acquisition of Medio Systems, Inc., a Seattle-based company that is a pioneer in the emerging field of real-time predictive analytics.
Medio provides predictive analytics solutions for a connected world. Using a big data, cloud-based solution, Medio delivers real-time analytics capabilities increasing end-user engagement and transforming data into action and significant business value. Today, the company’s scalable Hadoop platform supports more than 140+ million users generating over 1 billion daily events and serving more than 4 billion personalized recommendations, ads, content, services and offers per month.
HERE, a Nokia Corporation company, is a leader in navigation, mapping and location experiences. HERE combines highly accurate and fresh maps with cloud technology to enable rich, real-time location experiences in a broad range of connected devices—from smartphones and tablets to wearables and vehicles.