Nokia said Monday it will acquire software provider Troltlech for $153.4 million in cash.
The acquisition of the Olso, Norway-based Trolltech will enable Nokia to accelerate its cross-platform software strategy for mobile devices and desktop applications, and develop its Internet services business, the company said. 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.
"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," said Kai Öistämö, executive vice president of devices for Nokia.
Nokia said it will continue the development of Trolltech's products and support of new and existing customers. The company plans to continue to license Trolltech technology under both commercial and open source licenses.
The acquisition is subject to customary closing conditions, including approval by shareholders, and the necessary regulatory approvals. The deal is expected to close during the second quarter.
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