Opera Software comes fromannounce the purchase of Skyfire Labs for an amount of $ 155M.
Opera acquired Skyfire primarily for its video optimization expertise. Lars Boilesen, CEO of Opera Software, says, “Opera and Skyfire complement each other. Skyfire will add video functionality to our portfolio, optimize applications, and we will take advantage of its strong presence in North America. “
Under the terms of the agreement, Skyfire Labs will remain an independent entity from Opera, and will continue to develop and support the Skyfire browser. Skyfire CEO Jeffrey Glueck will also assume the role of Opera’s “EVP of the Operator Business”.