Opera acquires Skyfire Labs for faster mobile video delivery

The deal is valued at US$155 million

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

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags mobilebrowserssoftwareapplicationsopera softwareSkyfire Labs

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

Jeremy Kirk

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?