Simply put, you can't change a company without changing its management - Andy Grove - Only the Paranoid Survive
FINNISH PHONE MAKER Nokia is getting rid of QT, its C++ software development framework, and selling it to local IT services firm Digia.
Financial terms have not been disclosed but Nokia is getting rid of the business wholesale. Digia will start work on versions of Qt for Android, IOS and Windows 8, and 125 people are expected to join it from Nokia offices in Oslo, Norway and Berlin.
Nokia, which is concentrating on Windows Phone now, said that it has taken Qt, which it acquired when it spent $150m on Trolltech in 2008, as far as it wanted.
"Nokia is proud of the contributions we've made to Qt over the past four years. We are pleased that we've been able to work with Digia to secure continued development of Qt by the current core team," said Sebastian Nyström, head of Nokia Strategy.
"Digia's plans to acquire Qt mean that it can continue as a successful open source project and also offer continuing employment for many people in the community."
When it bought Trolltech in 2008 Nokia was the world's biggest mobile phone business. Four years later things have changed. Although financial details have not been disclosed it is possible that Nokia sold Qt for less than the $150m it paid for Trolltech.
"We are looking forward to welcoming the Qt team to Digia. By adding this world class organisation to our existing team we plan to build the next generation leading cross-platform development environment." said Tommi Laitinen, SVP of International Products at Digia. "Now is a good time for everyone to revisit their perception of Qt."
Digia said that it will carry on work on Qt 5, and will keep the software available as both open source and licensed releases. µ
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