Saturday, February 16, 2013
Opera Software Scoops Up Mobile Browser Rival Skyfire Labs
payments based on performance earn-out over the next three years could make the deal worth $ 155 million.
Opera Software today announced it has acquired Skyfire Labs, a rival in the field of mobile browsers in a deal that could be worth up to $ 155 million when all controls are written. The Norwegian browser maker has agreed to pay $ 50 million in cash and stock in advance (including $ 8 million in cash to the balance sheet Skyfire), and also make payments based on the performance of earn- out over the next three years, who was finally able to enhance the business at 155 million.Browser Skyfire is popular in the mobile space, allowing users to watch videos iOS flash on your iPhone, iPad and iPod touch. It is also known for its Rocket Optimizer software, which enables mobile operators to leverage cloud computing to optimize video and other multimedia content on cell towers crowded. According to Opera Software, Rocket Optimizer Boosts average mobile networks 60 percent of capacity, simply by reducing the size of video and multimedia content as needed.
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