Otello's journey started in 1995 when Opera was established as a browser company. Alongside expanding the browser business over a couple of decades, the company also pursued acquisitions and organic growth within mobile advertising and apps & games, creating a broad platform of business opportunities, including fully-owned subsidiaries and ownership of leading technology for mobile data compression. 

In 2017, Opera Software ASA became Otello Corporation ASA following a set of divestments in 2016 and 2017, including the divestment of the consumer web and mobile browser business in November 2016, bringing in USD 575 million. One month later, in December 2016, the company sold a majority of Opera TV, bringing in additional USD 80 million in cash. In addition, SurfEasy was sold to Symantec late 2017 for an enterprise value of USD 38.5 million. In total, these divestments brought in close to USD 700 million in gross proceeds.

Today, Otello’s remaining asset is its stake in Bemobi Mobile Tech S.A., a company that it listed on the stock exchange in Brazil in 2021.