Nokia Noshes Novarra

Nokia has snapped up another small company: Novarra, a developer of high-speed mobile Web browsers. A wise acquisition for the Finnish cellphone maker, whose S60 browser is often criticized for its middling performance compared with Apple’s (AAPL) iPhone and handsets running Google’s (GOOG) Android OS.

Terms of Nokia’s (NOK) acquisition, which is expected to close during the June quarter, were not disclosed.