Qt Group (Nasdaq Helsinki: QTCOM) is a global software company with a strong presence in more than 70 industries and is the leading independent technology behind millions of devices and applications. Qt is used by major global companies and developers worldwide, and the technology enables its customers to deliver exceptional user experiences and advance their digital transformation initiatives. Qt achieves this through its cross-platform software framework for the development of apps and devices, under both commercial and open source licenses.
Qt technology is used by approximately one million developers worldwide. We enable a single software code across all operating systems, platforms and screen types, from desktops and embedded systems to business-critical applications, in-vehicle systems, wearables and mobile devices connected to the Internet of Things.
The company's net sales in year 2018 totaled 45.6 MEUR and it employs some 300 people. The Qt Group operates in China, Finland, Germany, Japan, South Korea, Norway, Russia, the USA, France, UK, Italy and India.
Today’s consumers require and expect ever faster and more intuitive user experience along with a more modern, reliable, and responsive user interface. Expectations are high as people across the world have gotten used to the high benchmark set by their smartphones.
We at Qt have helped our customers in over 70 industries to develop world-class products for desktop, embedded, and mobile operating systems. The foremost global companies create medical, in-vehicle systems, and industrial automation devices with Qt. Why?
Reduced time-to-market: Key factors that affect the go-to-market time are actual product development time and regulatory and compliance time-frames. Qt’s various libraries and toolsets allow your software team to develop faster. Developers can focus on creating the best user experiences instead of coding what is already been coded for you. The cycle of Prototyping –Development – Testing – Deployment is faster and more efficient with Qt. Qt also supports your regulatory and compliance efforts through our internal resources or our industry-leading partner network.
Scalable Solution: Qt is a cross-platform framework, compatible with a multitude of operating systems and hardware. All you need is to write your source code once and have the capability to deploy it anywhere you need it. You do not need teams of developers coding specifically for different hardware architectures or operating systems.
Lower total cost of ownership (TCO): Fewer resources needed and quicker time to market means a lower total cost of ownership and faster revenue recognition.
Code less. Create more. Deploy everywhere.
The rights offering was organized to accelerate growth. Qt Group aims to expand its sales network by increasing the number of its own operating locations as well as the number of retailers. The plan for the company’s own operating locations is to cover the company’s largest geographical markets.
The company also wants to develop product offering in selected industries. By introducing additional industry-specific solutions and integrations the company can offer better value and grow the market share and revenue.
Digia Plc is being demerged such that all assets, liabilities and responsibilities related to Digia’s Qt business transferred to a new company called Qt Group Plc. Following the implementation of the demerger, Qt Group Plc was an independent publicly listed company. Its shares were available for public trading on NASDAQ Helsinki Ltd as from 2 May 2016. The trading code of Qt Group shares is QTCOM.
From the beginning of 2014, Digia reported its figures according to two business segments, which were Qt and Domestic. The Qt segment comprised the company's international Qt software operations.
Digia Plc. signed an agreement with Nokia to acquire Qt software technologies and Qt business from Nokia. Following the acquisition, Digia was responsible for all the Qt activities formerly carried out by Nokia, including R&D, commercial and open-source licensing and services business.
In March 2011, Digia Plc. signed an agreement with Nokia Corporation to buy Qt commercial licensing and service business. Digia’s aim was to expand and develop the acquired product business, in particular with productized support services that complement the offering, and extra features based on customer needs. The business transaction supported Digia's strategic objective to grow its turnover coming from international product-based business.
In June 2008, Nokia announced that it had completed its acquisition of Trolltech ASA (OSE: Troll), a recognized software provider with world-class software development platforms and frameworks. This acquisition was made to enable Nokia to accelerate the cross-platform software strategy for mobile devices and desktop applications, and develop its Internet services business. Oslo Stock Exchange delisted Trolltech ASA and the last day of listing was June 17, 2008.
Trolltech provides cross-platform software development frameworks and application platforms. Trolltech's products enable companies to easily build and deploy software across a wide range of operating systems and electronic devices. The company serves desktop and embedded application providers, as well as consumer electronics and mobile vendors, who face challenges in delivering user-friendly and differentiated software.
Developed by two Norwegian software engineers Haavard Nord and Eirik Chambe-Eng, the Qt framework first became publicly available in May 1995. First public version of Qt was released by company called Trolltech.
A conversation. That’s all it took.
An honest, open and frank discussion between two young developers – Haavard and Eirik – on a park bench in the rare sunshine of a Norwegian summer’s day. The problem was the user interface of an ultrasound machine, the need was for a single system that worked across multiple platforms. And their solution would eventually power millions of devices and applications all over the world.
As two developers were joined by thousands more, the conversation shifted, a playing field dominated by a few big players began to level out and truly game-changing ideas started getting their day in the sun too. From your favourite apps on all of your devices to groundbreaking cars and the deep depths of space, Qt is there connecting a world of innovation by making sure we speak the same language.
Now, after a journey of more than 20 years, we’re talking about more than just a platform for developers, we’re talking about building a community of collaborators who are all striving toward meaningful change in their own industries – and far beyond. Because finally, companies who truly value technology have the power to use software to stand out from the crowd and a whole new generation of innovators who believe in independence, transparency and privacy have the tools to create a better connected world.
And we think that’s a conversation worth having.
Qt is ISO 9001:2015 certified. Quality is very important for us and something we constantly want to improve. Ultimately, the goal of everything around our processes is to enable the creation of Qt products that meet customer expectations, which are of the highest quality.
TÜV NORD certifies that the Qt Safe Renderer 1.0 meets the tool requirements of several standards and that it can be used as a software supporting tool in a software safety life cycle according to IEC 62304:2015(2006 + A1).
The company has a Management Team, chaired by the CEO of the company. The Board of Directors appoints the Chief Executive Officer and, upon he CEO’s proposal, confirms the appointment of Management Team members and their essential terms of their employment. The CEO, together with the other members of the Management Team, is in charge of company´s business operations and administration in accordance with the instructions and regulations issued by the Board of Directors, and as defined by the Finnish Limited Liability Companies Act.