Research In Motion acquires NewBay for $100 million

Posted by Techvibes NewsDesk

RIM has acquired NewBay Software for an alleged $100 million, AllThingsD reports.

NewBay provides white-label cloud-based content services, which could wind up being the foundation of RIM's future cloud-based content services.

However, as usual in recent times, RIM is late to the game: fully integrating NewBay's technology into BlackBerry products could take up to a year, while other mobile device makers like Apple and Amazon already have full-featured cloud services available to consumers.

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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