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Nokia acquires Trolltech for $153 Million

Nokia acquires the Norwegian company Trolltech for $153 Million (€104 Million). Trolltech’s Qt Technology is a cross-platform GUI framework that’s used in applications such as KDE and Skype.

“The acquisition of Trolltech will enable Nokia to accelerate the cross-platform software strategy for mobile devices and desktop applications, and to develop its Internet services business. Nokia plans to continue to develop Trolltech’s products and continue to drive sales to new and existing customers” (press release of Trolltech).

With the open source technology Qt, Nokia plans to support developers creating applications that run on smartphones as well as PC’s. The acquisition of Trolltech could be Nokia’s answer to Google’s Android.