Nokia (NOK) Sells Qt Software Tech, Assets to Digia
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Digia, the software powerhouse listed on the NASDAQ OMX Helsinki exchange (DIG1V), today announced that it has signed an agreement to acquire Qt software technologies and Qt business from Nokia (NYSE: NOK).
Following the acquisition Digia becomes responsible for all the Qt activities formerly carried out by Nokia. These include product development, as well as the commercial and open source licensing and service business. Following the acquisition, Digia plans to quickly enable Qt on Android, iOS and Windows 8 platforms.
One of Digia’s key objectives with this acquisition is to improve its position within the Qt ecosystem by further strengthening Qt’s R&D capabilities and expanding its reach on many more platforms than ever before. Since Digia acquired the Qt Commercial licensing business from Nokia in March 2011, the operation has continued to be successful and has grown substantially. Digia forecasts the acquisition’s impact on its 2012 revenues to be positive. In the following years, Digia forecasts the Qt business to grow. As part of the transaction, a maximum of 125 Qt people from Nokia will transfer to Digia, mostly based in Oslo, Norway and Berlin, Germany. This business transaction will significantly strengthen Digia’s product business and supports Digia's strategic objective to grow internationally.
Digia encourages all current ecosystem members to continue working on improving Qt with full confidence in Digia’s continued investment to make Qt the leading cross-platform development framework. Digia will work with ecosystem members to secure a successful release of Qt5 and is committed to continuing the Qt Project in order to maintain Qt’s availability under both open source and commercial licenses.
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Following the acquisition Digia becomes responsible for all the Qt activities formerly carried out by Nokia. These include product development, as well as the commercial and open source licensing and service business. Following the acquisition, Digia plans to quickly enable Qt on Android, iOS and Windows 8 platforms.
One of Digia’s key objectives with this acquisition is to improve its position within the Qt ecosystem by further strengthening Qt’s R&D capabilities and expanding its reach on many more platforms than ever before. Since Digia acquired the Qt Commercial licensing business from Nokia in March 2011, the operation has continued to be successful and has grown substantially. Digia forecasts the acquisition’s impact on its 2012 revenues to be positive. In the following years, Digia forecasts the Qt business to grow. As part of the transaction, a maximum of 125 Qt people from Nokia will transfer to Digia, mostly based in Oslo, Norway and Berlin, Germany. This business transaction will significantly strengthen Digia’s product business and supports Digia's strategic objective to grow internationally.
Digia encourages all current ecosystem members to continue working on improving Qt with full confidence in Digia’s continued investment to make Qt the leading cross-platform development framework. Digia will work with ecosystem members to secure a successful release of Qt5 and is committed to continuing the Qt Project in order to maintain Qt’s availability under both open source and commercial licenses.
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