Nokia selling Identity Systems for $85 mln

HELSINKI (Reuters) - Nokia (NOK1V.HE), the world's top cell phone maker, said on Thursday it is selling its subsidiary Identity Systems to U.S. data integration software provider Informatica Corp (INFA.O) for $85 million cash.

Nokia bought identity resolution software maker Identity Systems in February 2006 as part of its $430 million acquisition of wireless e-mail firm Intellisync.

"Identity Systems has been a small, successful business within Nokia," Tom Furlong, a senior vice president in Nokia's Services & Software unit, told Reuters. "It has not been part of our core business. We acquired Intellisync to help us in messaging and in e-mail, and it was an asset of Intellisync."

The transaction is expected to close by the end of May, the companies said in a joint statement.

Informatica, headquartered in Redwood City, California, said the acquisition enabled it to offer the most advanced products. Identity resolution enables precise identity search and matching to find information for individuals or organizations, Informatica said on its website.

"This is entirely in line with our business," said Ivan Chong, an Informatica senior vice president.

"We expect this to yield a lot of growth and profit to the company."

(Reporting by Tarmo Virki; Editing by Gary Hill)