Opera Software is an industry leader in the development of Web browsers for the desktop, device and mobile markets. The Opera browser has received international recognition from end-users and the industry press for being faster, smaller and more standards-compliant than other browsers, and it has gathered a cult following on the net.
Business description at investment year 1999
- Well recognised for PC browser product
- 12 employees
- No investors
Major developments since investment
- Verdane assisted in recruitment of key management and board members
- Verdane was active in the IPO committee for the 2004 listing on the OSE – 23x oversubscribed
- Verdane assisted in implementation of financial and management reporting routines
- Opera became a leading mobile browser and grew to 300+ employees
Testimonial
"I highly value Four Seasons Venture's [now Verdane Capital] contribution to our strategic discussions. They showed commitment and a level of understanding of the issues at hand. [Verdane] is a good example of the type of value-added venture capital investor we would like to work with. They opened doors for us, introduced us to business partners and helped us in defining and executing our financial strategy".Jon Stephenson von Tetzchner, CEO Opera
