Opera acquires Skyfire Labs for $155 million

We had recently reported about Opera founder von Tetzchner selling his shares giving rise to speculations that the company might be sold, but Opera today announced that they have acquired Skyfire Labs, a company that develops mobile browser software like Rocket Optmizer and Skyfire Horizon. The deal is expected to be around $155 million and is expected to close before March 15.

Both the Rocket Optimizer and Skyfire Horizon essentially help boost the mobile browsing experience. Rocket Optimizer can provide anywhere around a 60 percent boost to the mobile browsing by reducing the size of the video and other multimedia content according to the available bandwidth. This will reduce the time a user has to wait for a video or audio to buffer. The Skyfire Horizon on the other hand is a browser extension which allows a user to personalize the browser and also provide mobile operators with additional monetizing opportunities.

“Opera and Skyfire are a natural fit,” said Lars Boilesen, CEO, Opera Software. “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.”

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