Feeds

Nokia spends €105m on mobile Linux developer

Trolltech gets borged

Choosing a cloud hosting partner with confidence

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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Sea-Me-We 5 construction starts
New sub cable to go live 2016
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
Surprise: if you work from home you need the Internet
Buffer-rage sends Aussies out to experience road rage
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
MOST iPhone strokers SPURN iOS 8: iOS 7 'un-updatening' in 5...4...
Guess they don't like our battery-draining update?
Internet Transit price falls slowing: Telegeography
Brazilians get waxed, Londoners get a steal
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.