|Digia Plc. has signed an agreement with Nokia to acquire the Qt commercial licensing and services business. Through the proposed acquisition, around 3500 desktop and embedded customer companies from various industries are targeted to be transferred to Digia. The transaction is expected to be closed by the end of March 2011. Nokia will continue to invest in future development of Qt for the benefit of all users, both Commercial and LGPL. |
As a result, the commercial licensing and service operations business is to be run by Digia, with existing and new commercial customers, who will benefit from the continuity of development of desktop and embedded Qt functionality and new service models. Building on Digia's leading Qt expertise, this acquisition further accelerates Digia's direction towards international, product based business and significantly widens Digia's Qt customer base. To further strengthen its global presence, Digia will establish subsidiaries in USA and Norway as part of the transaction.