Editing Qt Group (section)

==History==

=== Trolltech 1994–2007 ===
Trolltech was founded by Eirik Chambe-Eng and Haavard Nord on 4 March 1994.<ref name=":0">{{Cite web |title=Trolltech goes public |url=https://www.zdnet.com/article/trolltech-goes-public/ |access-date=2024-05-30 |website=ZDNET |language=en}}</ref> The duo started writing Qt in 1991; since then, Qt has steadily expanded and improved. 

In 2002, Trolltech introduced [[Qtopia]] which is based on Qt. Qtopia is an application platform for [[Linux]]-based devices such as mobile phones, portable media players, and home media. It is also used in many non-consumer products such as medical instruments and industrial devices.<ref>{{Cite web |last=Holland |first=Colin |date=2002-07-02 |title=Qtopia provides multi-platform mobile application environment |url=https://www.embedded.com/qtopia-provides-multi-platform-mobile-application-environment/ |access-date=2024-05-30 |website=Embedded}}</ref> [[Qtopia Phone Edition]] was released in 2004, and their [[Greenphone]] [[smartphone]] is based on this platform.

Trolltech completed an [[initial public offering]] (IPO) on the [[Oslo Stock Exchange]] in July, 2006.<ref name=":0" />

=== Part of Nokia 2008–2012 ===
On 28 January 2008, [[Nokia|Nokia Corporation]] announced that they had entered into an agreement to make a public voluntary tender offer to acquire Trolltech.<ref>{{cite web |date=28 January 2008 |title=Nokia to acquire Trolltech to accelerate software strategy |url=http://www.nokia.com/A4136001?newsid=1185531 |url-status=dead |archive-url=https://web.archive.org/web/20080304155423/http://www.nokia.com/A4136001?newsid=1185531 |archive-date=4 March 2008 |access-date=28 January 2008}}</ref> The total cost for Nokia was approximately €104 million.<ref>{{cite web |date=28 January 2008 |title=Nokia ostaa norjalaisen ohjelmistoyrityksen |url=http://www.hs.fi/talous/artikkeli/Nokia+ostaa+norjalaisen+ohjelmistoyrityksen/1135233615595 |url-status=dead |archive-url=https://web.archive.org/web/20080129110031/http://www.hs.fi/talous/artikkeli/Nokia+ostaa+norjalaisen+ohjelmistoyrityksen/1135233615595 |archive-date=29 January 2008 |access-date=28 January 2008 |language=fi}}</ref><ref>{{cite web |date=28 January 2008 |title=Nokia to buy Trolltech, will become a patron of KDE |url=https://arstechnica.com/information-technology/2008/01/nokia-buys-trolltech-will-become-a-patron-of-kde/}}</ref> On 5 June 2008 Nokia's voluntary tender offer was approved for all the shares in Trolltech. By 17 June 2008, Nokia had completed its acquisition of Trolltech. On 30 September 2008, Trolltech was renamed as Qt Software, and Qtopia was renamed as [[Qt Extended]]. On 11 August 2009, the company's name was changed to Qt Development Frameworks.<ref>{{cite web |date=11 August 2009 |title=New name, new domain announced for Qt Development Frameworks |url=http://qt.nokia.com/about/news/new-name-new-domain-announced-for-qt-development-frameworks |url-status=dead |archive-url=https://web.archive.org/web/20120107014606/http://qt.nokia.com/about/news/new-name-new-domain-announced-for-qt-development-frameworks |archive-date=7 January 2012 |access-date=18 August 2009}}</ref>

The Qt environment was a key part of the company's strategy until 2011, when Nokia decided to switch to [[Windows Phone]] OS for its smartphones.<ref>{{Cite news |last=Halliday |first=Josh |date=2012-08-09 |title=Nokia sells its Qt software business |url=https://www.theguardian.com/technology/2012/aug/09/nokia-sells-qt-software-business |access-date=2024-05-30 |work=The Guardian |language=en-GB |issn=0261-3077}}</ref>

=== Part of Digia 2012–2016 ===
Nokia sold the commercial licensing business of Qt to Digia in March 2011.<ref name="CLAWTON2011">{{cite news |last=Lawton |first=Christopher |date=7 March 2011 |title=Nokia to Sell Qt Business |url=https://www.wsj.com/articles/SB10001424052748703386704576186422837546748 |newspaper=[[The Wall Street Journal]]}}</ref> The following year, Digia acquired the entire Qt development environment and related business from Nokia. As a result of the acquisition, Digia became responsible for all of the functions related to Qt technology, including product development. The main goal of the acquisition was to strengthen Digia's position in the Qt ecosystem and expand the availability of Qt technology across a growing number of platforms.<ref>{{Cite web |date=2012-08-09 |title=Digia osti Nokialta koko Qt-ohjelmistobisneksen |url=https://yle.fi/a/3-6249242 |access-date=2024-05-30 |website=Yle Uutiset |language=fi}}</ref> 

In September 2014, Digia formed The Qt Company, a wholly owned subsidiary dedicated to the development and governance of the Qt platform.<ref name="zdnet-qtcom">{{cite web |title=Qt hot potato spun out from Digia into fourth home |url=https://www.zdnet.com/article/qt-hot-potato-spun-out-from-digia-into-fourth-home/ |access-date=21 February 2017 |website=ZDNet}}</ref> In connection with this, the website qt.io went live, combining the [[open source]] qt development and commercial Qt functions that had previously operated at different addresses. Qt products had some 800,000 users globally.<ref>{{Cite news |title=Digia Announces "The Qt Company", Launches a Unified Website and Unleashes a €20 Indie Mobile Monthly Subscription Plan |url=https://www.businesswire.com/news/home/20140916005619/en/Digia-Announces-%E2%80%9CThe-Qt-Company%E2%80%9D-Launches-a-Unified-Website-and-Unleashes-a-%E2%82%AC20-Indie-Mobile-Monthly-Subscription-Plan |access-date=2024-05-30 |language=en}}</ref> 

In August 2015, Digia Plc's Board of Directors began to explore the [[demerger]] of Digia’s domestic businesses and the Qt businesses into two separate listed companies.<ref>{{Cite web |last=Lehmusvirta |first=Antti |date=2024-05-30 |title=Digia jakautumassa kahdeksi pörssiyhtiöksi |url=https://www.kauppalehti.fi/uutiset/digia-jakautumassa-kahdeksi-porssiyhtioksi/8a2c8ed7-d2e5-3454-a98d-7d69e8838ddb |access-date=2024-05-30 |website=Tärkeimmät talousuutiset {{!}} Kauppalehti |language=fi}}</ref> 

=== Qt Group 2016–current ===
In May 2016, the company went public on [[NASDAQ Helsinki]] as QTCOM.<ref name=":1">{{Cite web |last=Talouselämä |date=2016-03-18 |title=Digian jakautuminen etenee - toimitusjohtajaksi Timo Levoranta |url=https://www.talouselama.fi/uutiset/digian-jakautuminen-etenee-toimitusjohtajaksi-timo-levoranta/f0857ea6-b49b-331a-9ac8-5a799ff33f1d |access-date=2024-05-30 |website=Talouselämä |language=fi}}</ref> In March 2016, Digia Plc's Annual General Meeting resolved on the partial demerger of Digia<ref>{{Cite web |last=Talouselämä |date=2016-03-18 |title=Digian jakautuminen etenee - toimitusjohtajaksi Timo Levoranta |url=https://www.talouselama.fi/uutiset/digian-jakautuminen-etenee-toimitusjohtajaksi-timo-levoranta/f0857ea6-b49b-331a-9ac8-5a799ff33f1d |access-date=2024-05-30 |website=Talouselämä |language=fi}}</ref> and the demerger was registered in the trade register on May 1.<ref>{{Cite web |last=Hänninen |first=Anna-Mari |date=2024-05-30 |title=Digia: Qt Group pörssiin toukokuun alussa |url=https://www.kauppalehti.fi/uutiset/digia-qt-group-porssiin-toukokuun-alussa/93c8df95-bed2-320a-8e13-44fe09be34b1 |access-date=2024-05-30 |website=Tärkeimmät talousuutiset {{!}} Kauppalehti |language=fi}}</ref> Digia’s Qt business was transferred to a new company, named Qt Group, and Digia's domestic business segment remained under the Digia brand. Digia’s CEO Juha Varelius was appointed as the CEO of Qt Group.<ref name=":1" /> Trading in Qt Group shares began on the main list of the [[Helsinki Stock Exchange]] in May 2016.<ref>{{Cite web |title=Tämä menestystarina on jäänyt monelta huomaamatta – pörssikomeetan kurssi noussut 5 vuodessa 2 657 prosenttia |url=https://www.iltalehti.fi/talous/a/5aa07cdd-0591-43a1-a668-fb4c4e1a5fd6 |access-date=2024-05-30 |website=www.iltalehti.fi |language=fi}}</ref> 

In 2018, the company had 5,000 customers. Approximately 80% of the [[Fortune 500]] companies are customers of Qt Group.<ref name=":5">{{Cite web |last=Herrala |first=Olli |date=2024-05-30 |title=Qt Group voi olla mukana kaikessa, missä on näyttö |url=https://www.kauppalehti.fi/uutiset/qt-group-voi-olla-mukana-kaikessa-missa-on-naytto/fce46e1b-af55-36fc-b209-e4891a5cce21 |access-date=2024-05-30 |website=Tärkeimmät talousuutiset {{!}} Kauppalehti |language=fi}}</ref>

The company attracted the interest of international investors in spring 2020 when its [[market capitalization]] rose above 500 million euros.<ref name=":2">{{Cite web |last=Leiviskä |first=Pekka |date=2021-03-31 |title=Pieni suomalaisyhtiö näytti epäilijöille: kasvaa hurjasti ja kilpailee Googlen kanssa – "Suomessa ei ole ollut tällaisia sitten Nokian" |url=https://www.is.fi/taloussanomat/art-2000007894099.html |access-date=2024-05-30 |website=Ilta-Sanomat |language=fi}}</ref>  The company's market capitalization exceeded 1 billion euros in October.<ref>{{Cite web |last=Rinta-Jouppi |first=Anton |date=2024-05-30 |title=Qt:n markkina-arvo ylitti miljardin euron rajapyykin – Analyytikko: "Kurssinousu on ansaittu" |url=https://www.kauppalehti.fi/uutiset/qtn-markkina-arvo-ylitti-miljardin-euron-rajapyykin-analyytikko-kurssinousu-on-ansaittu/241546ff-501c-4e6b-9b1a-fafe7f53a356 |access-date=2024-05-30 |website=Tärkeimmät talousuutiset {{!}} Kauppalehti |language=fi}}</ref> The share price had risen by more than 700% from the IPO price.<ref>{{Cite web |last=Rinta-Jouppi |first=Anton |date=2024-05-30 |title=Qt:n markkina-arvo ylitti miljardin euron rajapyykin – Analyytikko: "Kurssinousu on ansaittu" |url=https://www.kauppalehti.fi/uutiset/qtn-markkina-arvo-ylitti-miljardin-euron-rajapyykin-analyytikko-kurssinousu-on-ansaittu/241546ff-501c-4e6b-9b1a-fafe7f53a356 |access-date=2024-05-30 |website=Tärkeimmät talousuutiset {{!}} Kauppalehti |language=fi}}</ref> The company's net sales were close to EUR 80 million euros and its earnings were approximately 17 million euros.<ref name=":3">{{Cite web |last=Räisänen |first=Perttu |date=2024-05-30 |title=Supernousija Qt on nelinkertaistanut vuodessa arvonsa kahteen miljardiin euroon, ja näkymät ovat poikkeuksellisen hyvät – "Yhtiön markkina on nuori ja vasta muodostumassa" |url=https://www.kauppalehti.fi/uutiset/supernousija-qt-on-nelinkertaistanut-vuodessa-arvonsa-kahteen-miljardiin-euroon-ja-nakymat-ovat-poikkeuksellisen-hyvat-yhtion-markkina-on-nuori-ja-vasta-muodostumassa/2668d94a-c1f7-4817-bc53-530019b8895f |access-date=2024-05-30 |website=Tärkeimmät talousuutiset {{!}} Kauppalehti |language=fi}}</ref>  

By spring 2021, the company’s share price had grown nearly fivefold over a period of one year,<ref name=":2" /> and its market capitalization was above 2 billion euros.<ref name=":3" /> In April, the company announced that it would acquire Froglogic, a Germany-based developer of test automation tools for applications based on the Qt GUI framework.<ref>{{Cite web |date=2021-04-13 |title=Yrityskaupat {{!}} Ohjelmistoyhtiö Qt Group ostaa saksalaisen Froglogicin |url=https://www.hs.fi/talous/art-2000007917646.html |access-date=2024-05-30 |website=Helsingin Sanomat |language=fi}}</ref> In August, the company made it to the [[OMXH25]] index.<ref>{{Cite web |last=Wacker |first=Henrik |date=2024-05-30 |title=Qt Group nousee OMXH25-indeksiin – Neles tippuu pois |url=https://www.kauppalehti.fi/uutiset/qt-group-nousee-omxh25-indeksiin-neles-tippuu-pois/3e67f97c-be2d-48ae-8bca-9e9e3c08b6c9 |access-date=2024-05-30 |website=Tärkeimmät talousuutiset {{!}} Kauppalehti |language=fi}}</ref> The company's net sales amounted to 121 million euros and it had 455 employees.<ref name=":4">{{Cite web |last=Ollila |first=Kauko |date=2024-05-30 |title=Qt laajentaa laadunvarmistukseen – "laitteiden on heti oltava riittävän hyviä" |url=https://www.tivi.fi/uutiset/qt-laajentaa-laadunvarmistukseen-laitteiden-on-heti-oltava-riittavan-hyvia/02671d36-b6f6-46cd-8d69-70095ba1fc87 |access-date=2024-05-30 |website=Tivi |language=fi}}</ref>

In the fall of 2022, the company announced that it would acquire Axivion, a Germany-based company whose products detect issues that erode the quality and performance of software, i.e. [[static program analysis]], among other services.<ref name=":4" /> 

In March 2023, the company had 706 employees.<ref>{{Cite web |last=Saarikko |first=Savanna |date=2024-05-30 |title=Qt Groupin henkilöstö on kasvanut vuodessa 26 % – markkinoiden epävarmuus ei haittaa |url=https://www.tivi.fi/uutiset/qt-groupin-henkilosto-on-kasvanut-vuodessa-26-markkinoiden-epavarmuus-ei-haittaa/e4baae95-3d8b-4a36-b8b1-695c56d25af6 |access-date=2024-05-30 |website=Tivi |language=fi}}</ref>