Opera Software

Opera Software ASA
Allmennaksjeselskap (OSE: OPERA)
Industry Software
Founded 22 June 1995 (1995-06-22)
Founders Jon Stephenson von Tetzchner
Geir Ivarsøy
Headquarters Oslo, Norway
Key people
 Sverre Munck (Chairman)
Lars Boilesen (CEO)
Håkon Wium Lie (CTO)
Products Web browser
Revenue Increase US$ 615.9 million (2015)[1]
Decrease US$ 034.6 million (2015)[1]
Increase US$ 0-51.2 million (2015)[1]
Number of employees
 1671 (2015)[1]
Parent Golden Brick Capital Private Equity Fund I L.P.
Website operasoftware.com

Opera Software ASA is a Norwegian software company, primarily known for its desktop Opera web browser. Also known for mobile web browser Opera Mini. Across multiple platforms, Opera browsers have more than 350 million users worldwide.[2] Opera Software is also involved in promoting Web standards through participation in the W3C. The company has its headquarters in Oslo, Norway and is listed on Oslo Stock Exchange. The company also has offices in Sweden, Poland, the People's Republic of China, Japan, South Korea, Australia, Russia, Ukraine, Iceland, Singapore, Taiwan and the United States.[3] Opera's stated vision is "to deliver the best Internet experience on any device."[4]

On 10 February 2016 a group of Chinese investors offered $1.2 billion USD ($8.31 per share) to buy the company,[5] though the deal reportedly did not meet regulatory approval.[6] On 18 July 2016 Opera announced it had sold its browser, privacy and performance apps, and its name to Golden Brick Capital Private Equity Fund I Limited Partnership (a consortium of Chinese investors including Qihoo 360) was reported for an amount of $600 million USD.[6] The transaction for sale of Opera's consumer business was approved on 31 October, 2016 by the Committee on Foreign Investment in the United States.[7] On 4 November, 2016, Golden Brick Capital Private Equity Fund I L.P. completed the acquisition.[8]

History

Opera Software was founded as an independent company in Norway on 30 August 1995 by Jon Stephenson von Tetzchner and Geir Ivarsøy.[9] The company was created to continue what was originally a research project at Telenor, the largest Norwegian telecommunications company.

Opera Software's first product, the Opera web browser version 2.1 for Windows, was released in 1997. Opera Software had an IPO in February 2004, and was listed on the Oslo Stock Exchange March 11, 2004.[9]

In an attempt to capitalize on the emerging market for Internet-connected handheld devices, a project to port the Opera browser to more platforms was started in 1998.[9] Opera 4.0, released in 2000,[10] included a new cross-platform core that facilitated creation of editions of Opera for multiple operating systems and platforms.[11]

Jon Stephenson von Tetzchner, founder

Up to this point, the Opera browser was trialware and had to be purchased after the trial period ended, however this ended with version 5.0, released in 2000. Instead, Opera became ad-sponsored, displaying advertisements to users without a license,[12] which was commonly criticized as a barrier to gaining market share. In newer versions, the user was allowed a choice of generic graphical banners or text-based targeted advertisements provided by Google based upon the page being viewed.

In 2004, Opera Software settled a lawsuit with an "international corporation" paying $12.75 million USD to Opera. It was speculated that the "international corporation" named in the statement announcing the settlement was Microsoft, which had previously blocked Opera users from correctly viewing MSN.com.[13][14]

On 12 January 2005, Opera Software announced that it would offer free licenses to higher education institutions[15] — a change from the previous cost of $1,000 USD for unlimited licenses. Schools that opted for the free license included Massachusetts Institute of Technology (MIT), Harvard University, University of Oxford, Georgia Institute of Technology, and Duke University.

With version 8.5 (released in 2005) the advertisements were removed entirely and primary financial support came through revenue from Google (Opera's default search engine).[16]

In August 2005, the company introduced Opera Mini, a new Java ME based web browser for mobile phones originally marketed not to end users but to mobile network operators to pre-load on phones or offer for their subscribers.[17]

In 2007, Opera filed a complaint against Microsoft in the European Commission, alleging that bundling Internet Explorer with Microsoft Windows is harmful to both the consumer and to other web browser companies.[18] The complaint resulted in the creation of BrowserChoice.eu.[19]

In 2012, Opera Software and Bharti Airtel signed an agreement to provide Opera Mini browsers to the Airtel mobile customers.[20]

In 2013 Opera Software decided to not use their in-house rendering engine for the Desktop Browser anymore. From Version 15 on the Opera browser for computers would be using the Blink rendering engine, a fork of Webkit developed together with Google.

Håkon Wium Lie, chief technical officer

In March 2015 Mobile World Congress in Barcelona, Opera won Global Mobile Award of Best Mobile Product, Initiative or Service in Emerging Markets for Opera Web Pass and Sponsored Web Pass.[21]. In April Opera Software decided to centre development of the Opera Desktop browser in Poland.[22] On April 12,[23] Opera TV AS established as a part of 2015 separating of Opera Software ASA TV-related business to Opera TV AS and all other assets to Opera Software AS, both became wholly owned subsidiaries of Opera Software ASA[24]. In September, the company announced a rebrand with a new three-dimensional “O” logo and brand identity. In the process, the company logotype changed from "Opera Software" to “Opera”.[25].

On December 20, 2016 Opera TV AS has been sold to Moore Frères & Company.[26][27]

In January 2017, the company introduced Opera Neon, a new concept browser that is intended as an exploration of browser design alternatives. The browser is built on top of Blink engine and it is available for Windows and macOS.

Acquisitions

On 20 January 2010 Opera Software announced that it had acquired AdMarvel, Inc.

On 30 April 2010, Opera Software acquired Australian web email provider FastMail.[28] In September 2013, the staff of FastMail bought the company back from Opera Software.[29]

On 19 September 2011, Opera Software announced that it had acquired mobile application platform Handster, the leading independent app store for Android apps at that time,[30] in order to strengthen the Opera Mobile Store's offerings to consumers, mobile operators and handset manufacturers.[31]

On 15 February 2013, Opera Software announced that it had acquired Skyfire for $155 million. Opera primarily targeted the company for its video optimization technologies, such as its Rocket Optimizer platform, which would complement its own content optimization technologies.[32]

On 4 June 2014, Opera Software announced that it is acquiring AdColony to bolster its mobile video ad capabilities. Opera paid $75 million in cash for AdColony, plus potential earn-out payments of up to $275 million.[33]

On March 2015, Opera Software acquired the Canadian VPN company, SurfEasy and later integrated the SurfEasy VPN into Opera as a free and unlimited service for its users.[34]

References

  1. 1 2 3 4 "Opera Software ASA – Annual Report 2015" (PDF). Opera Software ASA. 30 April 2016. Retrieved 22 Jul 2016.
  2. ↑ "Opera Software ASA – Annual Report 2013" (PDF). Opera Software ASA. 16 April 2014. Retrieved 9 Jan 2015.
  3. ↑ "Opera Contact". Opera Software.
  4. ↑ "About Opera". Opera Software. Archived from the original on 10 October 2007. Retrieved 11 October 2007.
  5. ↑ "Chinese Group Bids $1.2 Billion for Company Behind Opera Web Browser".
  6. 1 2 "Opera browser sold to a Chinese consortium for $600 million".
  7. ↑ "BRIEF-Opera Software says wins approval for China sale". Reuters News Agency.
  8. ↑ "Successful closing of the Transaction". Newsweb.
  9. 1 2 3 Opera Software - Milestones
  10. ↑ "Affiliated Organization of Firefox and Mozilla" (PDF). Mozilla Japan. 2006. Retrieved 24 October 2007.
  11. ↑ Schenk, Mark (6 January 2007). "Opera browser version history". Retrieved 24 October 2007.
  12. ↑ Lettice, John (6 December 2000). "Opera browser goes free with version 5.0 launch". The Register. Retrieved 11 October 2007.
  13. ↑ Hansen, Evan (May 24, 2004). "Microsoft behind $12 million payment to Opera". CNET. Retrieved October 25, 2016.
  14. ↑ Hansen, Evan (May 24, 2004). "Opera wails about MSN problem". CNET. Retrieved October 25, 2016.
  15. ↑ Students surf safely with Opera: Opera site license free for educational institutions, January 12, 2005, retrieved on October 25, 2005
  16. ↑ Baker, Loren (20 September 2005). "Opera Goes Free with Help from Google". Search Engine Journal. Retrieved 12 October 2007.
  17. ↑ Have WAP but want WEB? Introducing Opera Mini for mobile phones, URL accessed on April 20, 2006
  18. ↑ Dignan, Larry (13 December 2007). "Opera files complaint against Microsoft in the EU over IE, Windows bundle; CTO makes Web standards case". ZDNet. Retrieved 15 December 2007.
  19. ↑ "Microsoft to randomly generate EU browser ballot list". Ars Technica. Retrieved 2010-11-14.
  20. ↑ "Opera Software". Retrieved 2012-06-07.
  21. ↑ "GSMA ANNOUNCES WINNERS OF THE 2015 GLOBAL MOBILE AWARDS". Retrieved 2015-03-04.
  22. ↑ M, Haavard (21 April 2015). "Goodbye, Opera!". A Blog From Outside the Trenches. Retrieved 1 August 2015.
  23. ↑ https://relationshipscience.com/opera-tv-as-o215011054
  24. ↑ "To the General Meeting of Opera Software ASA and Opera Demerger AS" (PDF). www.operasoftware.com. KPMG AS. December 18, 2015. Retrieved July 29, 2017.
  25. ↑ https://www.youtube.com/watch?t=8&v=KvJJk5Z-iZE Revealing the new Opera brand
  26. ↑ http://www.prnewswire.com/news-releases/global-leader-in-enabling-ott-opera-tv-acquired-by-moore-freres--company-300381789.html
  27. ↑ "Opera Software ASA Private Company Information - Bloomberg". bloomberg.com. Bloomberg L.P. May 11, 2017. Retrieved July 29, 2017. Merger/Acquisition December 20, 2016 Opera TV AS
  28. ↑ Opera acquires FastMail.fm, URL accessed on April 30, 2010
  29. ↑ Rob Mueller (25 September 2013). "Exciting news: FastMail staff purchase the business from Opera". FastMail. Retrieved 3 March 2015.
  30. ↑ Jennifer Van Grove (19 September 2011). "Opera Buys Top Mobile App Store Handster". Mashable. Retrieved 20 December 2012.
  31. ↑ "Opera acquires Handster Inc.". Opera Press Releases (Press release). Opera Software ASA. 19 September 2011. Retrieved December 20, 2012.
  32. ↑ "Opera Eyes Speedier Mobile Web With Skyfire Acquisition". PC Magazine. Retrieved 15 February 2013.
  33. ↑ "Opera Buys Mobile Video Ad Firm AdColony". Wall Street Journal. Retrieved 24 June 2014.
  34. ↑ Kolondra, Krystian (20 April 2016). "Free VPN integrated in Opera for better online privacy". Opera Desktop Blog. Retrieved 18 October 2016.
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