Otello - M&A Summary and Business Overview

SoftwareCompany

Otello M&A Summary

Otello has acquired 9 companies, including 2 in the last 5 years. It has also divested 3 assets.

Otello’s largest acquisition to date was in 2014, when it acquired AdColony for $350M. It’s largest disclosed sale occurred in 2021, when it sold AdColony to Digital Turbine for $400M. Otello has acquired in 2 different US states, and 6 countries. The Company’s most targeted sectors include internet software and services (45%) and software (34%).

Otello Business Overview

Where is Otello headquartered?

Otello is headquartered in Olso, Norway.

What is Otello’s revenue?

Otello disclosed revenue of 259M USD for 2020 and 241M USD for 2019.

How many employees does Otello have?

Otello has 3 employees.

What sector is Otello in?

Otello is a software company.

When was Otello founded?

Otello was founded in 1995.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity9
    • M&A Sell Activity3
  • Total Sectors Invested 4
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 5

Otello

Otello Corporation ASA

Gjerdrums vei 19,
Olso, 0484
Norway,
+47 91 90 91 45
www.otellocorp.com

Otello is a browser company develops mobile advertising and apps & games, creating a broad platform of business opportunities, including fully-owned subsidiaries and ownership of leading technology for mobile data compression. Otello was founded in 1995 and is based in Olso, Norway.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 7 1 1 - - - 9
vol $505M $10M $515M
Sell (0.2/yr) # 2 - 1 - - - 3
vol $400M $400M
  12

Most Recent M&A

Company Date Value Type
AdColony, Inc. 2021-02-26 400M USD Divestiture
Los Angeles, California · www.adcolony.com
YoYo Games Ltd. 2021-01-20 10M USD Divestiture
Richmond, United Kingdom · www.yoyogames.com
AB Fjord Bank 2020-07-09 - Add-on Acquisition
Vilnius, Lithuania · www.fjordbank.lt
SurfEasy, Inc. 2017-11-06 - Divestiture
Toronto, Ontario · www.surfeasy.com
Opera TV 2016-12-20 - Divestiture
Oslo, Norway
Bemobi 2015-08-07 - Add-on Acquisition
Rio de Janeiro, Brazil · www.bemobi.com.br
SurfEasy, Inc. 2015-03-19 - Add-on Acquisition
Toronto, Ontario · www.surfeasy.com
AdColony, Inc. 2014-06-24 350M USD Divestiture
Los Angeles, California · www.adcolony.com
Skyfire Labs, Inc. 2013-02-15 155M USD Add-on Acquisition
Mountain View, California · www.skyfire.com
Handster, Inc. 2011-09-19 - Add-on Acquisition
Northbrook, Illinois · www.handster.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 4 (44%) 155M (30%) 1 (33%) -
Software 3 (33%) 10M (2%) 1 (33%) -
Marketing 1 (11%) 350M (68%) 1 (33%) 400M (100%)
Financial Services 1 (11%) - - -
Total 9 $515M 3 $400M

By Geo

State/Country Buy Value Sell Value
United States 4 505M 1 400M
  California 3 505M 1 400M
  Illinois 1 - - -
Canada 1 - 1 -
  Ontario 1 - 1 -
Australia 1 - - -
Brazil 1 - - -
Lithuania 1 - - -
Norway - - 1 -
United Kingdom 1 10M - -
Domestic - - 1 (33%) -
Cross-border 9 (100%) 515M (100%) 2 (67%) 400M (100%)
Total 9 $515M 3 $400M

Deal Values

buy # Total
$100M to $1B 2 $505M
< $100M 1 $10M
TOTAL $515M
Largest AdColony, Inc.
$350M (2014-06-24)
sell # Total
$100M to $1B 1 $400M
TOTAL $400M
Largest AdColony, Inc.
$400M (2021-02-26)

M&A Connections

Deals
Acquired from
Strategic(s)
22%
2 (22%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Software

Revenue

259   8% 2020
241   13% 2019
275   35% 2018
419   22% 2017
532   14% 2016
616   29% 2015
481   61% 2014
300   39% 2013
216   44% 2012
150   2011
(millions of USD) Show More Show Less

Employees

3

Established

1995

Public

OTEC

Former Name

Opera Software ASA

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