The Nokia Asset Offload Continues: Qt Assets Go To Digia For ?Fraction? Of $150M Nokia Paid For It

More downsizing and rationalizing from troubled handset maker Nokia. Today, Finnish software company Digia, which bought the Qt commercial licensing operation from Nokia a year ago, announced that it would buy the remainder of Nokia's Qt business. Qt is an open source development platform that Digia plans to "quickly enable" to be used in Android, iOS and Windows 8 environments. The deal includes the transfer of software, technologies and 125 employees in?Oslo, Norway and Berlin, Germany. The companies are not yet revealing a price at this stage, a spokesperson told TechCrunch. But a report at Reuters notes that it is just a "fraction" of the $150 million that Nokia paid in 2008 for Trolltech, the open source platform where Qt originated, which is what TechCrunch has heard, too. The Qt platform has been used by some 450,000 developers to date, mainly to develop software with a graphical interface. Digia says it is used across 70 industries in addition to mobile, including automotive, medical, and defense.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Nbt66dDONaU/

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