Otello Corporation ASA
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Otello Corporation ASA
Otello Corporation ASA (formerly Opera Software ASA) is a Norwegian internet company which develops advertising and mobile software for operators, publishers and advertisers. It operates through its subsidiaries which include AdColony (formerly ''Opera Mediaworks''), a mobile advertising platform and network, Bemobi, a subscription-based mobile application and game discovery service, and Skyfire Labs, which provides mobile operators cloud based access for network management and video optimization, and advertising facilitation. Opera Software ASA was founded as a holding company for Opera products and businesses. It changed its name to Otello Corporation after it sold off its web browser and consumer business along with the ''Opera'' brand (Opera Software AS) to a Chinese consortium of investors. While initially it planned to wholly sell itself off to the consortium the deal did not go through due to regulatory approvals, it settled by selling its consumer-facing web browser busin ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Skyfire (company)
Skyfire is a software company founded in 2007, and acquired by Opera Software ASA, now Otello Corporation, in 2013. In 2015, the company became the Network Solutions division of Opera, and ceased using the Skyfire brand name. They offer network optimization technologies including video optimization and monetization tools for carriers. Skyfire discontinued its Skyfire Web Browser in 2014 in order to consolidate its focus on its mobile operator technology. Skyfire was funded by venture capital, and was acquired by Opera Software ASA in March 2013. History Skyfire was found in 2007 by Nitin Bhandari and Erik Swenson. The company was originally named DVC Labs but changed their name in 2008. Skyfire received initial funding of $4.8 million from Matrix Partners and Trinity Ventures in June 2007. Skyfire increased their funding in 2008 with an additional $13 million investment from Lightspeed Venture Partners, Matrix and Trinity. As part of the investment, a Lightspeed Ventures part ...
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SurfEasy
Gen Digital, formerly known as Symantec and NortonLifeLock, is a multinational computer software company founded on March 1, 1982. It is an international corporation that specializes in selling security and information management software. Gary Hendrix founded the company in 1982 with the help of a National Science Foundation grant. Symantec was originally focused on artificial intelligence-related projects, and Hendrix hired several Stanford University natural language processing researchers as the company's first employees. After the company's initial public offering in 1989, Hendrix left the company in 1991 and moved to Texas. The company has acquired 57 companies, purchased stakes in 2 firms, and divested 26 companies, in which parts of the company are sold to another company. Of the companies that Symantec has acquired, 50 were based in the United States. Symantec has not released the financial details for most of these mergers and acquisitions. Symantec's first acquisition ...
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Earnout
Earnout or earn-out refers to a pricing structure in mergers and acquisitions where the sellers must "earn" part of the purchase price based on the performance of the business following the acquisition. Description Earnouts are often employed when the buyer(s) and seller(s) disagree about the expected growth and future performance of the target company. A typical earnout takes place over a three to five-year period after closing of the acquisition and may involve anywhere from ten to fifty percent of the purchase price being deferred over that period. Buyers usually value companies based on historical performance while sellers may weight more heavily projections about higher growth prospects. With an earnout the seller's shareholders are paid an additional sum if some predefined performance targets are met. (See Contingent value rights, having a similar function.) Earnouts are popular among private equity investors, who do not necessarily have the expertise to run a target business ...
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Opera Mobile Store
Opera Mobile Store was a platform-independent browser-based app store for mobile-phone owners and a digital application software, application digital distribution, distribution platform used by more than 40,000 developers around the world, owned and maintained by Opera (company), Opera. Launched and powered by a third-party provider in March, 2011 the Opera Mobile Store was relaunched on a new platform, after acquisition of Handster, a mobile app store platform company, in January 2012. The service allows users to browse and download mobile apps, applications for over 7,500 different devices on Android (operating system), Android, Java (software platform)#Mobile devices, Java, BlackBerry OS, Symbian OS, Symbian, iOS (Apple), iOS, and Windows Mobile. Opera Mobile Store delivers more than 1 million app downloads a day and is accessible from any mobile phone via a visual bookmark with the OMS logo on Speed Dial or Start Page of Opera Mini or Opera Mobile browsers that run on more ...
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Mashable
Mashable is a digital media platform, news website and entertainment company founded by Pete Cashmore in 2005. History Mashable was founded by Pete Cashmore while living in Aberdeen, Scotland, in July 2005. Early iterations of the site were a simple WordPress blog, with Cashmore as sole author. Fame came relatively quickly, with ''Time'' magazine noting Mashable as one of the 25 best blogs of 2009. As of November 2015, it had over 6,000,000 Twitter followers and over 3,200,000 fans on Facebook. In June 2016, it acquired YouTube channel CineFix from Whalerock Industries. In December 2017, Ziff Davis bought Mashable for $50 million, a price described by ''Recode'' as a "fire sale" price. Mashable had not been meeting its advertising targets, accumulating $4.2 million in losses in the quarter ending September 2017. After the sale, Mashable laid off 50 staffers, but preserved top management. Under Ziff Davis, Mashable has grown and expanded to many countries in multiple continents, ...
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Oslo Stock Exchange
Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed income instruments. The Euronext consortium of European stock exchanges controls Oslo Stock Exchange as of June 2019. History Oslo Børs was established by a law of September 18, 1818. Trading on Oslo Børs commenced on April 15, 1819. In 1881, Oslo Børs became a stock exchange, which means securities were listed. The first listing of securities contained 16 bond series and 23 stocks, including the Norwegian central bank (Norges Bank). Oslo Børs cooperates with London Stock Exchange on trading systems. The exchange has also a partnership with the stock exchanges in Singapore and Toronto (Canada) for a secondary listing of companies. The stock exchange was privatized in 2001, and is, after the merger in 2007, 100% own ...
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Opera Software AS
Opera is a Norwegian multinational technology company and subsidiary of Kunlun that specializes in web browser development, fintech, as well as services such as Opera News and YoYo Games. The company's total user base, including users of its desktop browsers, mobile browsers and other services exceeds 380 million monthly active users. Opera is headquartered in Oslo, Norway, with additional offices in Europe, China, and Africa. In 2016, Opera was acquired by an investment group led by a Chinese consortium. On July 27, 2018, Opera Software went public on the NASDAQ stock exchange, raising $115 million in its initial public offering. History Early development Opera Software was founded as an independent company in Norway in 1995 by Jon Stephenson von Tetzchner and Geir Ivarsøy. They had initially begun development of the Opera web browser while both working at Norwegian telecommunications company Telenor. Opera Software's first product, the Opera web browser version 2.10 f ...
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Opera (web Browser)
Opera is a multi-platform web browser developed by its namesake company Opera. The browser is based on Chromium, but distinguishes itself from other Chromium-based browsers ( Chrome, Edge, etc.) through its user interface and other features. Opera was initially released on 10 April 1995, making it one of the oldest desktop web browsers still actively developed. It was commercial software for its first ten years and had its own proprietary layout engine, Presto. In 2013, it switched from the Presto engine to Chromium. Opera is available on Windows, macOS, Linux, Android, and iOS (Safari WebKit engine). There are also mobile versions called Opera Mobile and Opera Mini. Opera users also have access to Opera News, a news app based on an AI platform. The company released a gaming-oriented version of the browser, Opera GX, in 2019, and a blockchain-focused Opera Crypto Browser into public beta in January 2022. History In 1994, Jon Stephenson von Tetzchner and Geir Ivarsøy st ...
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