Opera acquires Skyfire Labs for faster mobile video delivery

The deal is valued at US$155 million
  • (IDG News Service)
  • — 15 February, 2013 06:32

Browser developer Opera Software will acquire Skyfire Labs, which develops technology to speed video delivery over mobile networks, the companies said Friday.

The deal is valued at US$155 million, which includes a mix of cash and stock and expected performance based earn-out payments over the next three years, Opera said in a news release. The deal is expected to close before March 15.

Skyfire, based in Mountain View, California, supplies three large U.S. mobile operators with its Rocket Optimizer software, which compresses video and other multimedia content for faster delivery over 3G and LTE networks.

The company says its software gives mobile networks a 60 percent increase in bandwidth capacity, which helps when mobile networks are experiencing high traffic. It says Rocket Optimizer detects and intervenes when users are experiencing poor-quality connections.

Skyfire also makes Horizon, which it describes as a mobile browser extension and toolbar that allows people to personalize their browsers. It's a white-label product that operators brand themselves. Toolbar extensions can be customized by operators, which Skyfire said can act as a "beach front" for promotions and advertising that can bring in revenue.

Opera said video is expected to consume two-thirds of available mobile bandwidth within two years. Skyfire's technology will be integrated into Opera's Web Pass, which is a product for operators for offering mobile data packages to subscribers.

In February 2012, Opera moved more deeply into mobile advertising, acquiring the companies Mobile Theory and 4th Screen Advertising, as it sought to increase revenue from ads on its Mini and Mobile browsers.

Opera also announced on Friday its results for the fourth quarter of 2012. Revenue came in at $60.7 million, up 39 percent from $43.5 million for the same quarter in 2011.

A bright spot for Opera was revenue from mobile advertising, which generated $19.6 million, up from $4.1 million a year before.

As far as the number of users of its browser software, Opera said it lost about 4 percent of its users on the desktop compared to the same quarter a year prior, down to 55 million. But the company said the total number of Opera users on mobile devices came in at 229 million, up 30 percent over the fourth quarter of 2011.

Send news tips and comments to jeremy_kirk@idg.com. Follow me on Twitter: @jeremy_kirk

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Topics: Skyfire Labs, applications, opera software, browsers, software, mobile
Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Compare & Save

Deals powered by WhistleOut
WhistleOut

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?