Opera Buys Skyfire Labs For $155 Million

Opera Software has bought Skyfire Labs for $155 million.  Skyfire is known for developing a mobile browser.  I used to use Skyfire when I had a Windows mobile device and Adobe Flash worked on it.  Other Skyfire products include video delivery optimization Rocket Optimizer and mobile browser extension Skyfire Horizon.  Opera acquired Skyfire because of their expertise in video optimization.

“Opera and Skyfire are a natural fit. Both companies have evolved far beyond their browser roots. Skyfire adds capabilities to our portfolio around video, app optimization, smartphones and tablets, and strength in North America. With video expected to consume over two-thirds of global mobile bandwidth by 2015, and as time spent on Android and iOS apps explodes, we are excited to extend Opera’s solutions for operators,” stated Opera Software CEO Lars Boilesen.

Skyfire will remain independent as a wholly owned subsidiary of Opera Software.  They will continue to develop and support the Skyfire browser.  Once the deal is closed, Skyfire CEO Jeffrey Glueck will become the EVP of the Operator Business for Opera.

[Source: PCW]

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