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ExclusiveMobile browser companies merge as Opera acquires Skyfire

Opera Software, best known for its PC and mobile web browsers, has acquired California-based rival Skyfire Labs.

Skyfire offers consumers a mobile browser that can handle Flash Video and a variety of other video formats. In addition, its ‘Rocket Optimizer’ software can be used by mobile operators to reduce the size of video and other multimedia material when mobile bandwidth is under demand.

ExclusiveMore funding and London office for browser company Skyfire

Mobile web browser business Skyfire Labs has raised $8 million in its latest round of funding. Current investors Matrix Partners, Trinity Ventures and Lightspeed Venture Partners have been joined by Verizon Communications subsidiary Verizon Investments LLC.

Skyfire says it’ll use the funds to meet the demands of wireless operator customers and also to expand into Europe and Asia.

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