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Opera Software ASA Acquires Skyfire

Friday, 15 Feb 2013 12:08am EST 

Opera Software ASA announced that it has acquired Silicon Valley-based Skyfire Labs, a company active within mobile video optimization and cloud solutions for mobility. Skyfire, headquartered in Mountain View, California, the United States, is known for its Rocket OptimizerT software. This allows mobile operators to leverage cloud computing to optimize virtually any video and other multimedia on crowded cell towers, including 3G and 4G LTE networks. Skyfire also offers Skyfire HorizonT, a mobile browser extension and toolbar platform that allows users to personalize their smartphone browser and operators to gain new monetization opportunities. Skyfire has honed its technology through a variety of top-selling consumer applications. Skyfire counts three United States mobile operators as customers for its Rocket Optimizer and Skyfire Horizon solutions, and is in trials with ten other operators. After the deal closes, Jeffrey Glueck, Chief Executive Officer (CEO)of Skyfire will assume the role of Executive Vice President of the Operator Business for the Company, as well as CEO of Skyfire, and will oversee the joint offerings for Opera across Opera Mini co-brand solutions for Operators and Skyfire's product lines. Skyfire will remain an independent entity as a wholly-owned subsidiary of the Company, and will continue to develop and support the Skyfire browser. The acquisition is expected to close before March 15, 2013. 

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