Otello – Opera Software ASA becomes Otello Corporation ASA

Opera Software ASA becomes Otello Corporation ASA

Otello’s journey started in 1995 when Opera was established as a browser company. Alongside expanding the brower business during the last couple of decades, the company also pursued acquisitions and organic growth within mobile advertising and apps & games, creating a broad platform of business opportunities, including fully-owned subsidiaries and ownership of leading technology for mobile data compression. 

Recently, Opera Software ASA became Otello Corporation ASA following a set of divestments in 2016 and 2017, including the divestment of the consumer web and mobile browser business in November 2016, bringing in USD 575 million. One month later, in December 2016, the company sold a majority of Opera TV, bringing in additional USD 80 million in cash. In addition, SurfEasy was sold to Symantec late 2017 for an enterprise value of USD 38.5 million. In total, these divestments brought in close to USD 700 million in gross proceeds.

Today, Otello reach more than 2 billion people across the world with apps and services from its subsidiaries with a solid platform for further investments into growth and profitability for AdColony, Bemobi and Skyfire.

A new era – and a new O

After more than two decades, the opera goes on, as Otello sets out to pursue the opportunities ahead, and grow the businesses and customer interactions of its subsidiaries, just like the company has suceeded in doing in the past. So, even though Otello might have been known as an opera for some time, it is now primarily a collection of companies within mobile advertising and apps & games.