Opera adds Skyfire's video-optimization and smartphone monetization
products to its operator business unit
Mountain View, California and Oslo, Norway - February 15, 2013

Opera Software announced today that it has acquired Silicon Valley based
Skyfire Labs, a leader in mobile video optimization and cloud solutions
for mobility.

Skyfire, headquartered in Mountain View, California, is known for its
Rocket OptimizerT software. This allows mobile operators to leverage
cloud computing to optimize virtually any video and other multimedia on
crowded cell towers, including 3G and 4G LTE networks. Rocket Optimizer
on average provides mobile networks a 60 percent boost in capacity by
reducing the size of video and other multimedia content as needed to fit
the available bandwidth. Skyfire can detect when specific users are
facing poor quality of experience or connections that need assistance,
and intervene in milliseconds. This can minimize the long start times,
rebuffering, and stalls on video and audio streams that frustrate mobile
users around the world. The approach aligns with the trend toward SDN
(software-defined networking) and NFV (network function virtualization)
among telecommunications operators, thanks to its elastic and
virtualization-friendly cloud architecture.

Skyfire also offers Skyfire HorizonT, a mobile browser extension and
toolbar platform that allows users to personalize their smartphone
browser and operators to gain new monetization opportunities. Skyfire
has honed its technology through a variety of top-selling consumer
applications, which have more than 20 million worldwide downloads to
date.

Skyfire currently counts three large U.S. mobile operators as customers
for its Rocket Optimizer and Skyfire Horizon solutions, and is in trials
with ten other operators around the world.

"Opera and Skyfire are a natural fit," said Lars Boilesen, CEO, Opera
Software. "Both companies have evolved far beyond their browser roots.
Skyfire adds capabilities to our portfolio around video, app
optimization, smartphones and tablets, and strength in North America.
With video expected to consume over two-thirds of global mobile
bandwidth by 2015, and as time spent on Android and iOS apps explodes,
we are excited to extend Opera's solutions for operators."

"Opera practically invented cloud compression to improve mobile user
experience, and the team at Skyfire is proud to join forces and advance
cloud solutions together," said Jeffrey Glueck, CEO of Skyfire. "Opera's
over 100 carrier relationships, global sales team, and delivery
organization can accelerate the global commercialization of Skyfire's
technology. Opera´s Mediaworks advertising unit with AdMarvel, Mobile
Theory and 4thScreen Advertising will strengthen Skyfire Horizon by
offering mobile operators a complete turnkey solution including ad
optimization, ad sales, and rich analytics. The synergies across all the
product lines for both companies are tremendous."

After the deal closes, Glueck will assume the role of EVP of the
Operator Business for Opera, as well as CEO of Skyfire, and will oversee
the joint offerings for Opera across Opera Mini co-brand solutions for
Operators and Skyfire's product lines. Skyfire will remain an
independent entity as a wholly-owned subsidiary of Opera, and will
continue to develop and support the Skyfire browser.

The two companies envision a powerful new set of joint products to be
released over the coming year by combining their talents and know-how.
In particular, they look to expand on Opera's Web Pass offering, which
allows consumers to purchase innovative data plans such as an unlimited
'day pass' of popular apps and web sites for an affordable price, thanks
to video and data optimization. WebPass can enable new business models
for operators, such as toll free data, ad-supported data, and more.

"The market opportunity for video/media optimization solutions geared
towards operators and consumers is significant. After a thorough
evaluation of this market, we strongly believe Skyfire is the clear
leader for the future in this space", said Erik Harrell, CFO/CSO of
Opera. "From a financial perspective, we expect 2013 to be a year of
strong revenue growth and investment for Skyfire relative to 2012 and
for Skyfire´s financial results to be dilutive to Opera´s earnings in
2013. We expect Skyfire to be accretive to our earnings beginning in
2014 as the synergies from the joint Opera-Skyfire value proposition
towards operators and consumers bear meaningful fruit."

The acquisition price includes a mix of cash and stock, with an upfront
consideration of US$50 million (including US$8 million of cash on the
Skyfire balance sheet) and performance based earn-out payments over
three years, including US$26 million in cash held in escrow and funded
upfront, that can bring the total deal size to $155 million. The cash
portion of the upfront consideration of US$38 million and the US$26
million performance based escrow will be funded from existing cash
balances and a revolving credit facility. In 2012, Skyfire had revenues
of MUSD 4.1 and EBIT of MUSD (8.1).  Apart from taking part in the earn
out, no member of Skyfire management or the Skyfire board of directors
has been or is expected to be party to any agreements providing for any
specific benefits in connection with the transaction.

The Opera acquisition of Skyfire is expected to close before March 15,
2013.

Mobile operators are invited to meet Opera and Skyfire at Mobile World
Congress in Barcelona the 25-27th of February, at Hall 5, Booth 5C90.

About Opera Software ASA

The worldwide World Wide Web - any device, any platform, any bandwidth,
absolutely anywhere in the world. Opera Software was founded in 1994,
based on the idea that access to the web should be a universal right.
300 million people (and counting) use the Opera web browsers for
computers, mobile phones, TVs and other connected devices. Opera also
delivers tools, distribution, engagement, monetization and market
insights to developers, publishers and brands around the world. We are
passionate about breaking down barriers, so everyone can share in the
power of the internet. Our vision of one web for all remains at the
heart of what we do, because we believe that participation changes
everything. Opera Software ASA is listed on the Oslo Stock Exchange
under the ticker symbol OPERA.

'Opera', 'Opera Software', 'Opera Mini' and the 'O' logo are trademarks
of Opera Software ASA. All other trademarks are the property of their
respective owners. Learn more about Opera at www.opera.com.

About Skyfire

Skyfire is dedicated to leveraging the power of cloud computing to
radically improve the mobile Internet experience for both operators and
their consumers. Skyfire's innovative, next-generation carrier cloud
approach to mobile video and data optimization provides wireless
operators with huge cost savings, elastic capacity, and the ability to
surgically enhance quality of experience on a per-stream level. The
company has also introduced the first mobile browser extension platform
to enable robust contextual & social browsing, as well as enhanced
monetization opportunities for operators.   Investors in Skyfire include
Matrix Partners, Trinity Ventures, Lightspeed Venture Partners, Verizon
Ventures, and Panorama Capital.  Skyfire was founded in 2007. For more
information, visit www.skyfire.com, or follow @Skyfire on Twitter.

NOTE: Skyfire, Skyfire Rocket OptimizerT and Skyfire HorizonT are
trademarks of Skyfire Labs, Inc.

Editorial contacts:

Erik Harrell, Opera CFO/CSO

Tel: +47 2369 2400

Petter Lade, Opera Investor Relations

Tel: +47 2369 2400

Jay Hinman  Skyfire

Email: jhinman@skyfire.com

Tel: +1 650 980 2652

Rufus Jay / Lorna McLennan  CCGroup

Email: skyfire@ccgrouppr.com

Tel: +44 (0)7760 322 050/+44 (0)7741 242 227

Roya Pakfetrat  Engage PR

Email: rpakfetrat@engagepr.com

Tel: +1 510 748 8200 ext. 217

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