Taking another step to diversify its revenue sources and extend into the mobile market, browser maker Opera Software said it's acquired two mobile ad companies, Mobile Theory and 4th Screen Advertising.
The Norwegian company announced the deals today in conjunction with reporting fourth-quarter financial results. In that quarter, revenue rose from $33.4 million the year earlier to $43.6 million in 2011, while net income of $0.9 million rose to $7.4 million.
The two companies Opera acquired offer demand-side ad networks, Mobile Theory focused on U.S. advertising and 4th Screen focused on Europe. Demand-side ad … Read more