Nokia to sell its Qt software business to Finnish IT services firm Digia Oyj
09 Aug 2012
Nokia, the once mobile handset giant, has agreed to sell its Qt software business to Finnish IT services firm Digia Oyj for an undisclosed sum.
Both companies did not disclose the deal value, but industry experts believe the Espoo, Finland-based Nokia sold the software business for a fraction of the $153 million it had paid for acquiring it in 2008.
Nokia got Qt software business through its January 2008 acquisition of Norway's Trolltech, whose software was being used in applications such as Skype, Google Earth, and Photoshop Elements.
Nokia's aim of buying Trolltech was an attempt to help developers create Internet applications to work on PCs and across its devices, specifically its then S60 and Series 40 mobile handsets.
Following the acquisition of Qt software, Digia will be responsible for all the Qt services, including product development, as well as the commercial and open source licensing and service business.
Post acquisition, Digia said that it planned to quickly enable Qt on Android, iOS and Windows 8 platforms.
