Feeds

Nokia spends €105m on mobile Linux developer

Trolltech gets borged

High performance access to file storage

Finnish handset giant Nokia is buying mobile Linux developer Trolltech, in an all-cash deal valuing the company at about €105m.

Nokia is offering 16 Norwegian Kroner per share - about £1.47 - for the company. Trolltech shares were are up 56 per cent today at 15.6 Norwegian Kroner. Over 66 per cent of shareholders have already accepted the offer.

Trolltech's cross platform development software will help Nokia, and its partners, write applications which will run equally well on different mobile devices.

Kai Öistämö, Nokia's executive vice president of devices, said: “Trolltech’s deep understanding of open source software and its strong technology assets will enable both Nokia and others to innovate on our device platforms while reducing time-to-market. This acquisition will also further increase the competitiveness of S60 and Series 40."

Nokia said it would continue to develop Trolltech products and support new and existing customers.

Trolltech is based in Oslo in Norway, but also has offices in Beijing, China, Brisbane, Australia, Berlin and Munich in Germany and Redwood City in California. It floated on the Oslo Stock Exchange in 2006.

In the third quarter of 2007 Trolltech made revenues of 60.8m Norwegian Kroner(£5.6m) and Ebitda of 0.3m Norwegian Kroner (£27,000), driven mainly by development tools Qt and Qtopia.

The deal is subject to the usual regulatory and shareholder acceptance. ®

SANS - Survey on application security programs

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.