Investors group sells Skyfire Labs to Opera Software

Feb 15, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Skyfire Labs, Inc. has been acquired by Opera Software ASA, a Norway-based Opera Web browser for various platforms, operating systems and embedded internet products, in a cash and stock transaction.

Skyfire is a US-based developer mobile video optimization and cloud solutions for mobility backed by investment firms Panorama Capital, Verizon Investments LLC, Matrix Partners, Trinity Ventures and Lightspeed Venture Partners.

The transaction is valued at approximately $155 million, with an upfront consideration of $50 million, which includes $8 million of cash on the Skyfire balance sheet, and performance based earn-out payments over three years, including $26 million in cash held in escrow and funded upfront.

The transaction is expected to close before March 15, 2013.

Deal Value (US$ Million) 155 Deal Type Venture Finance Sub-Category Exit Deal Status Announced: 2013-02-15 Deal Participants Target (Company) Skyfire Labs, Inc.

Acquirer (Company) Opera Software ASA Vendor (Company) Undisclosed Investors* Deal Rationale The acquisition will allow Opera to broaden its mobile operator solutions beyond the browser and strength its position in North America.

It will also allow Opera to add Skyfire's video-optimization and smart phone monetization products to its operator business unit.

[ Back To Conferencing Homepage's Homepage ]

FREE Conferencing eNewsletter

Click here to receive your targeted Conferencing Community eNewsletter.[Subscribe Now]

SIGN UP

Featured eBook

The Conference Room in 2012
and Beyond

An in-depth look at how cutting-edge conferencing solutions are overhauling the collaboration experience.

Featured Conferencing Podcast

Fontel's President Kurt Mitchell on Yamaha and Web Conferencing ProjectPhones With 35 years of experience in the communications industry and a true understanding of the ever-changing advancements in technology, Fontel is positioned to deliver its customers cutting-edge solutions that carry them into the future. With a specialized focus on conferencing, Fontel has partnered with major manufacturers to offer revolutionary voice and data communication products and services. Our discussion today will highlight Fontel and its affiliation with Yamaha and focus on Yamaha's Projectphones, a series of arrayed microphones that feature an acoustically-engineered structural design, as well as its echo canceller, a technology that eliminates audio cut-out and echo for smooth performance.

Latest Industry News

Yorktel Media Services to Produce National Memorial Day Parade TV Broadcast

WPL Publishing to Host 'Contracting for BIM Lifecycle Uses' Webinar

Game-Changer Beamforming Microphone Array Takes Another Leap Ahead and Now Features Tabletop and Wall Mode Capabilities

Sendmail Presents 'DMARC State of the Union' Webinar

Givit Joins Mozilla's Firefox Flicks Campaign as Exclusive Mobile Video App

Cisco to Webcast Annual Visual Networking Index (VNI) Global IP Traffic Forecast 2012-2017 Results

[ View all Conferencing News ]

Conferencing Catalogs

Yamaha Reseller Program

here to learn more.