Nokia sells Qt software

Qt software is used by 450,000 developers who create applications for nearly 70 industries

Tags: Mergers and acquisitionsNokia Corporation
  • E-Mail
Nokia sells Qt software Nokia has agreed to sell its Qt software business to Finnish firm Digia Ovj, an IT services company..
By  Clayton Vallabhan Published  August 9, 2012

Nokia has agreed to sell its Qt software business to Finnish firm Digia Ovj, an IT services company.

The move comes as a strategy that Nokia is adopting to sell non-core assets. Both companies refused to disclose the value of the deal, but analysts say it most probably was a fraction of the amount ($150 million) Nokia paid for Norway’s Trolltech in 2008.  

Qt software is used by 450,000 developers who create applications for nearly 70 industries. There are up to 125 employees, that work on developing and licensing the software, who will  now move to Digia.

Nokia bought the software as a part of its acquisition of Trolltech, which the company used as a vital part of its strategy till 2011. Once Nokia decided to kill off its own smartphone software and opt for Microsoft Windows Phone, things changed.

Digia said it planned to make Qt available for developers who can create apps for iOS, Android and Microsoft windows 8.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code