Posted on 28-Jan-2008 21:04
| Filed under: News
Nokia and Trolltech ASA have entered into an agreement that Nokia will make a public voluntary tender offer to acquire Trolltech.
Trolltech is a provider of software development platforms and frameworks. In addition to the key software assets, its team will be incorporated to Nokia's development structure.
Nokia says the acquisition will enable the company to accelerate its cross-platform software strategy for mobile devices and desktop applications, and develop its Internet services business.
With Trolltech, Nokia and third party developers will be able to develop applications that work in the Internet, across Nokia's device portfolio and on PCs. Nokia's software strategy for devices is based on cross-platform development environments, layers of software that run across operating systems, enabling the development of applications across the Nokia device range. Examples of current cross-platform layers are Web runtime, Flash, Java and Open C.
"The technology landscape evolves and, for Nokia, software plays a major role in our growth strategy for devices, PCs and the integration with the Internet. We continue to focus on areas where we can differentiate and add more value. Common cross-platform layers on top of our software platforms attract innovation and enable Web 2.0 technologies in the mobile space," said Kai Öistämö, Executive Vice President, Devices, Nokia. "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 aims to continue the development of Trolltech's products and support of new and existing customers. Nokia strives for an open approach to technology that will encourage and support innovation in the industry, enable fast adoption of new technologies and advance healthy competition. Nokia embraces open source technology and will take further the open source development culture found in Trolltech.
Nokia plans to continue to license Trolltech technology under both commercial and open source licenses.