Feeds

Nokia spends €105m on mobile Linux developer

Trolltech gets borged

SANS - Survey on application security programs

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. ®

3 Big data security analytics techniques

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
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
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
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
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
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.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.