Digia buys Qt
The Qt cross platform application framework is being acquired from Nokia by Finnish company Digia in a deal that will see assets and employees transfer to the software and services company
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 a year ago, announced that it would buy the remainder of Nokia's Qt business. Qt is an open source development platform for 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. The Qt platform has been used by some 450,000 developers to date across 70 industries in addition to mobile, including automotive, medical, and defense, Digia says.