Friday, October 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Cloud and Surface 3 Drive Microsoft's Revenue
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Facebook Returns To Chat Roots With Rooms App
Sony SmartWatch 3 And LG G Watch R Are Rolling Out With Updated Android Wear Software
New Nvidia Driver Enable DSR On Older Graphics Cards
GT Advanced Technologies Reaches Settlement Agreement With Apple
Google Is Teaming up with Oxford University on Artificial Intelligence
Bonhams Sells Apple Computer For 905K USD
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > General Computing > Opera B...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, February 15, 2013
Opera Buys Skyfire, Readies Optimized Video Delivery Solutions


Opera Software on Friday said it has acquired Silicon Valley based Skyfire Labs, a leader in mobile video optimization and cloud solutions for mobility.

Skyfire is known for its Rocket Optimizer software. This allows mobile operators to leverage cloud computing to optimize video and other multimedia on crowded cell towers, including 3G and 4G LTE networks. The Rocket Optimizer is claimed to provide mobile networks a 60 percent boost in capacity by reducing the size of video and other multimedia content as needed to fit the available bandwidth. Skyfire can detect when specific users are facing poor quality of experience or connections that need assistance, and intervene in milliseconds. This can minimize the long start times, rebuffering, and stalls on video and audio streams that frustrate mobile users. The approach aligns with the trend toward SDN (software-defined networking) and NFV (network function virtualization) among telecommunications operators, thanks to its elastic and virtualization-friendly cloud architecture.

Skyfire also offers Skyfire Horizon, a mobile browser extension and toolbar platform that allows users to personalize their smartphone browser and operators to gain new monetization opportunities. Skyfire has honed its technology through a variety of consumer applications, which have more than 20 million worldwide downloads to date.

Skyfire currently counts three large U.S. mobile operators as customers for its Rocket Optimizer and Skyfire Horizon solutions, and is in trials with ten other operators around the world.

"Opera and Skyfire are a natural fit," said Lars Boilesen, CEO, Opera Software. "Both companies have evolved far beyond their browser roots. Skyfire adds capabilities to our portfolio around video, app optimization, smartphones and tablets, and strength in North America. With video expected to consume over two-thirds of global mobile bandwidth by 2015, and as time spent on Android and iOS apps explodes, we are excited to extend Opera?s solutions for operators."

"Opera's over 100 carrier relationships, global sales team, and delivery organization can accelerate the global commercialization of Skyfire's technology," said Jeffrey Glueck, CEO of Skyfire. "Opera's Mediaworks advertising unit with AdMarvel, Mobile Theory and 4th Screen Advertising will strengthen Skyfire Horizon by offering mobile operators a complete turnkey solution including ad optimization, ad sales, and rich analytics. The synergies across all the product lines for both companies are tremendous."

After the deal closes, Glueck will assume the role of EVP of the Operator Business for Opera, as well as CEO of Skyfire, and will oversee the joint offerings for Opera across Opera Mini co-brand solutions for Operators and Skyfire's product lines. Skyfire will remain an independent entity as a wholly-owned subsidiary of Opera, and will continue to develop and support the Skyfire browser.

The two companies envision a new set of joint products to be released over the coming year. In particular, they look to expand on Opera's Web Pass offering, which allows consumers to purchase data plans such as an unlimited 'day pass' of popular apps and web sites for an affordable price, thanks to video and data optimization. WebPass can enable new business models for operators, such as toll free data, ad-supported data, and more.

The acquisition price includes a mix of cash and stock, with an upfront consideration of US$50 million (including US$8 million of cash on the Skyfire balance sheet) and performance based earn-out payments over three years, including US$26 million in cash held in escrow and funded upfront, that can bring the total deal size to $155 million.

The Opera acquisition of Skyfire is expected to close before March 15, 2013.


Previous
Next
LG L Series Sales Top 15 mln        All News        Google Updates Now
Facebook To Keep Its Real Name Policy, German Court Rules     General Computing News      Google Updates Now

Get RSS feed Easy Print E-Mail this Message

Related News
Opera Max Data-savings App to be Embedded into MediaTek's LTE SoCs
Opera Browser Coming On Windows Phones
Opera Acquires AdColony
Opera Developer Version Comes On Linux
Aura-powered Opera 21 for Desktop Released
Opera Mini 8 Brings Privacy And new looks to Java-running Phones and BlackBerry OS
Opera For Android Gets Video Chat WebRTC Support
Opera Introduces Data-savings App
Opera Releases 'Coast' Browser For The iPad
Opera Browser Hit By Security Breach
Opera Releases Opera Mini Browser For Basic Phones
Opera Next Released For Windows and Mac

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .