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To combate Android and iPhone, Nokia acquire Trolltech in a deal valued at $150 million. Trolltech QT (framework) s used in popular software such as Skype, Google Earth, Adobe Photoshop Elements, KDE, Lucasfilm and by more than 5000 customers worldwide.

It looks like it’s going to be a banner year for the acquisition of open source vendors by larger corporations. Finnish mobile phone giant Nokia announced today that it is acquiring Norwegian open source software vendor Trolltech in a deal valued at $150 million. Trolltech trades on the Oslo Stock Exchange, where Nokia will tender 16 NOK (Norwegian Krone) to acquire all outstanding shares. The deal has already been approved by shareholders representing nearly two-thirds of Trolltech’s outstanding stock and is expected to formally close in the second quarter of 2008…

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About Trolltech:

Trolltech provides cross-platform software development frameworks and application platforms. Trolltech’s Qt is used in popular software such as Skype, Google Earth, Adobe Photoshop Elements, Lucasfilm and by more than 5000 customers worldwide. Trolltech’s Qtopia has enabled a new generation of exciting consumer devices such as mobile handsets, video-phones, set-top boxes and media players. Trolltech’s software has shipped in more than 10 million devices.

Trolltech’s products enable companies to easily build and deploy software across a wide range of operating systems and electronic devices. The company serves desktop and embedded application providers, as well as consumer electronics and mobile vendors, who face challenges in delivering user-friendly and differentiated software. Trolltech enables customers to accelerate innovation, shorten time to market and increase revenues. Trolltech’s software improves the user experience by increasing the appeal and quality of customer’s applications on desktop and devices. The future proof Qt software allows developers to code less, create more and deploy anywhere.

Trolltech supports open source and commercial customers. The company has offices in California, U.S.A.; Brisbane, Australia; Beijing, China; Berlin and Munich, Germany; Oslo, Norway. It is listed on the Oslo Stock Exchange under the ticker symbol TROLL. For more information about Trolltech, please visit www.trolltech.com.