Brands interested in reaching mobile consumers in the region will have access to Opera Mediaworks' rich-media and video campaign platform, the world's largest independent mobile advertising platform.
Sub-Saharan Africa is one of the fastest growing mobile markets in the world with over 600 million mobile phone subscriptions that are predicted to increase to over 930 million by the end of 2019*. With the acquisition, both companies will work strategically with advertisers interested in reaching mobile consumers on smartphones and tablets, a rapidly expanding market in the region.
"Africa is positioned to become the 'mobile continent' with experts predicting an explosion in mobile data usage over the next five years," says Mahi de Silva, CEO of Opera Mediaworks. "We are particularly excited about the hundreds of millions of African and global consumers who will be glued to the African Cup of Nations in 2015."
Opera Mediaworks will play an integral part in helping advertisers reach their audiences across a broad portfolio of popular mobile apps and websites. These include the award-winning Opera Mini browser and the Opera Max data-savings app for Android.
"Mobile web usage in Africa is one of the highest globally and the continent's dynamic mobile industry remains an incredible place of growth," says Sarah Utermark, CEO, AdVine. "We're excited to be able offer unrivaled reach to brands looking to tap into the burgeoning African market as part of Opera Mediaworks' global mobile advertising platform."
The two companies have a long-standing relationship, monetising Opera's owned and operated mobile-ad inventory in the region. To better serve this market, Opera Mediaworks plans to significantly expand its investments in people and resources across the continent.
Opera Software has extensive experience and traction serving the mobile market in Africa through its mobile browsers and traffic management products. The company's commercial relationships across more than 30 operator partners in the region including various Vodacom, MTN, Airtel and Orange subsidiaries.
