Helsinki, 09.08.2012 8:00 CEST (GLOBE NEWSWIRE) - DIGIA PLC STOCK EXCHANGE RELEASE
08/09/2012 at 09:00
DIGIA HAS SIGNED purchase agreement to acquire Qt software technology and
BUSINESS from Nokia
Digia Plc (DIG1V) has signed a purchase agreement to acquire
Qt software technology and business from Nokia. On completion, Digia
will take over all of Qt technology-related activities, which
Nokia already has taken care of. These encompass product development,
commercial and open source licensing and service business.
The arrangement is to take place in the third quarter 2012
During normal trading päättämisehtojen after the operation.
After the Digia bought Qt licensing business by Nokia in March
2011, the business has developed favorably and has significantly increased.
In order to improve its position in the Qt ecosystem, Digia is now planning to acquire
Qt size of the software and related technologies, still in the Nokia
operations. The deal includes the Qt technology-related intellectual property rights,
Trademarks and Qt-business people. Following this acquisition, Digia
plans to introduce Qt software development environment, including the popular
operating systems such as Android, iPhone and Windows 8
The acquisition of up to 125 employees will transfer to the service of Digia. The majority
part of the workforce is in Oslo and Berlin. In addition to these workers is
USA, and Finland. Employees are transferred to local subsidiaries, Digia
service in Norway, Finland and the USA. In addition, Digia will establish a new
a subsidiary in Germany.
The company expects a transaction to be neutral effect on earnings and a slightly positive
effect of Digia's 2012 revenue. In the coming years Digia estimates
Qt-business to grow profitably. This arrangement contributes significantly to
Digia's product-based business and supports the strategic objective of Digia
to grow internationally.
Qt software technology used by more than 450 000 developers and thousands of major
more than 70 companies world-wide search in the development of innovative applications
kehitysteknologiana and user interfaces as an enabler. Commercially
Qt is licensed as a market leader in several segments, such as the automotive and
the pharmaceutical industry, advanced imaging and animation,
industrial automation, aerospace and defense industries. Digia estimates
Qt technology that will have a substantial role in building
world-class user experience and user interfaces for embedded
systems and consumer electronics.
Digia is planning to increase its business by expanding the Qt support
more than one operating system that aims to build a leading platform independent
application development environment for embedded systems as well as the workstation and
Mobile operating systems.
Helsinki, 9 August 2012