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Omnisky gets local

Thu Jan 4, 2001 - 9:17 AM EST - By James Hromadka

Omnisky Corporation announced today that it is acquiring NomadIQ, a provider of location-based applications and services for handheld computers. This will allow integration of localized content for Omnisky users. From the press release:
The NomadIQ service allows subscribers to access location-based information and interact with a community of users by leveraging both online and cached data. Once integrated with the OmniSky service, subscribers will be able to:
(1) Locate and access comprehensive and media-rich information about local restaurants, entertainment venues, and other businesses as a function of their location; view and interact with maps and receive directions to those businesses; and save this information on their handheld device;
(2) Connect with merchants in person or online to complete a transaction, such as buying movie tickets or making restaurant reservations;
(3) Identify the location of -- and invite other subscribers to -- an event or a place and send along pertinent data including the address and directions, which, in turn, can be saved on the handheld device;
(4) Engage in real-time communications and collaboration, including instant messaging, with friends and colleagues.
Under the terms of the deal, NomadIQ's private shareholders get 2.5M shares of Omnisky stock. Omnisky expects to begin rolling out the expanded service towards the end of the second quarter.


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