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Deal Close: Opera + AdColony Acquisition Is Complete

Posted Jul 24, 2014

We’re happy to share that the previously announced acquisition deal between Opera and AdColony has officially closed!

The completion of the acquisition was announced this afternoon via press release, and both teams are excited for the next steps to strengthen our respective offerings for publishers and advertisers to continue to provide the best-in-class mobile advertising products in the world.

Here are standout quotes from AdColony CEO Will Kassoy and Opera Mediaworks CEO Mahi da Silva:

“Opera is a natural fit for us and helps us accelerate our vision to extend the reach of our TV-like experience to a global stage,” says Kassoy. “Its commitment to quality, innovation and the consumer experience is very synchronous with our company vision and culture. Together, we will be able to deliver great innovation and market growth for our customers worldwide.”

“Video has historically been one of the more challenging aspects of mobile advertising, yet it’s also the most engaging ad format we can provide,” added Mahi de Silva, CEO, Opera Mediaworks. “Having AdColony as part of our service portfolio gives us an enormous advantage over other networks and platforms — without the compromised quality and speed that so often accompany mobile video ads.”

You can view the full press release here.

Congrats to the AdColony and Opera Mediaworks teams!

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