Opera has recently bought the Silicon Valley startup, Skyfire Labs for $155 Million. The deal would see opera mobile browser buff up with mobile-video compression technology.
The Norwegian-based browser, Opera, is planning of spending up to $155 million to boost its mobile browsing business with the acquisition of the Silicon Valley startup, Skyfire Labs.
Opera is acquiring Skyfire Labs and its technology for video and data compression onto congested mobile-phone networks in a deal worth up to $155 million, the Norwegian browser maker said tonight.
Opera, the fifth-ranked browser maker in terms of global usage, gets paid for adapting its browser for mobile network operators and for driving searches to sites like Yandex and Google. The Skyfire deal would definitely add a new dimension to its business selling technology to operators.
Opera Chief Executive Lars Boilesen in a statement:
“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.”
Skyfire’s technology can cut video bandwidth and adapt quickly to sudden drops in network capacity. The Mountain View, Calif.-based company sells its technology in the Rocket Optimizer and Skyfire Horizon products. Skyfire CEO Jeffrey Glueck will become executive vice president of Opera’s operator business once the deal closes. That’s expected before March 15, Opera said.
Skyfire browser, both on Android and the iOS is worth a good browser experience especially for those who mobile-browse and expect a good video and flash experience. Opera mobile browser lacks flash video support. Skyfire would add this up to the opera browser and allow video compression and rendering technologies to make it much better.
Skyfire has recently raised to its peak with newer software and mobile-video technologies. This move would be great, for both the companies. Opera would be very smart to grab a deal and include it in its further updates as sooner as possible.
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