Finnish mobile device manufacturer Nokia has fallen on hard times in recent years. Whereas the company was once at the cutting edge of the industry, the latest statistics from comScore confirmed that just 1.3 percent of U.S. smartphone subscribers own Nokia devices.

In an effort to right the ship, the company recently acquired software developers, technologies and intellectual assets from imaging specialist Scalado.

"We welcome the skilled and passionate professionals from Scalado to Nokia and are excited to have them work with the rest of our talented and dedicated imaging experts to bring world-class imaging solutions to our Nokia Lumia smartphone," said Nokia executive vice president Jo Harlow. "The Nokia team is already responsible for many leading innovations in mobile imaging and, together with the experts from Scalado, we aim at astonishing the world with new, outstanding imaging experience."

As the manufacturer of the world's first camera phone back in 2002, Nokia is doubling down on a core competency it hopes can carry the company through to the next era of mobility. While more complete offerings from Google and Apple are currently dominating the market, the development of particularly impressive imaging innovations could bring Nokia back into the conversation.