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Digia to acquire Qt technologies from Nokia for undisclosed sumAug 09, 2012 (M2 EQUITYBITES via COMTEX) -- Software solution and services company Digia (Helsinki DIG1V)(Berlin:S2Y.BE) announced today that it has signed an agreement to acquire Qt software technologies and Qt business from Nokia (NYSE:NOK). Financial details of the acquisition were not disclosed. Following the acquisition Digia will become 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. Also, following the acquisition, Digia plans to enable Qt on Android, iOS and Windows 8 platforms. Digia said that its key objective 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. Digia had acquired the Qt Commercial licensing business from Nokia in March 2011 and the operation has reportedly continued to be successful and has grown substantially. The company expects the acquisition's impact on its 2012 revenues to be positive. In the following years, Digia forecasts the Qt business to grow. As a 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. Comments on this story may be sent to [email protected] |