Otello Corporation

Otello Corporation ASA
FormerlyOpera Software ASA (1995-2016)
Company typePublic ASA
OSE: OTELLO
ISINNO0010040611
Industry
  • Software
  • Internet
  • Advertising
Founded22 June 1995; 29 years ago (1995-06-22) in Oslo, Norway[1]
HeadquartersOslo, Norway
Area served
[2]
Key people
[3]
Services
Revenue
  • Decrease US$99.2 million (2017)
  • US$142.5 million (2016)
[4]
  • Decrease -US$15.4 million (2017)
  • -US$30.3 million (2016)
[4]
Total assets
  • Decrease US$636.5 million (2017)
  • US$836.9 million (2016)
[4]
Divisions
  • Business sales
  • Information technologies
Subsidiaries
  • AdColony Inc.
  • Bemobi Midia e Entretenimento Ltda.
  • Skyfire Labs
[5]
Websiteotellocorp.com

Otello Corporation ASA (formerly Opera Software ASA) is a Norwegian internet company which develops advertising and mobile software for operators, publishers and advertisers.[2] It operates through its subsidiaries which include AdColony (formerly Opera Mediaworks), a mobile advertising platform and network, Bemobi, a subscription-based mobile application and game discovery service, and Skyfire Labs, which provides mobile operators cloud based access for network management and video optimization, and advertising facilitation.[5]

Opera Software ASA was founded as a holding company for Opera products and businesses. It changed its name to Otello Corporation after it sold off its web browser and consumer business along with the Opera brand (Opera Software AS) to a Chinese consortium of investors.[6] While initially it planned to wholly sell itself off to the consortium the deal did not go through due to regulatory approvals, it settled by selling its consumer-facing web browser business instead.[7]

  1. ^ "Nøkkelopplysninger fra Enhetsregisteret". w2.brreg.no (in Norwegian). Brønnøysund Register Centre. Retrieved 14 May 2018.
  2. ^ a b "Otello Corporation ASA: Private Company Information". bloomberg.com. Retrieved 2018-04-21.
  3. ^ "OTELLO.OL Profile | OTELLO CORPORATION Stock". Yahoo Finance.
  4. ^ a b c "Quarterly Report 4Q 2017 Otello Corporation Asa" (PDF). otello.cdn.prismic.io. Retrieved 21 April 2018.
  5. ^ a b "Otello Corporation ASA Company Profile". Reuters.com. Archived from the original on 2018-04-22. Retrieved 2018-04-21.
  6. ^ Hughes, Matthew (2017-12-18). "Opera Software ASA rebrands to Otello Corporation after selling its browser business (update)". The Next Web. Retrieved 2018-04-21.
  7. ^ "Opera Plunges as $1 Billion Buyout by Chinese Group Fails to Get Approval". Bloomberg.com. 2016-07-18. Retrieved 2018-04-21.