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. BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. The BlackBerry product line includes the BlackBerry® PlayBook™ tablet, the award-winning... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property. Originally founded in 2002, Techvibes is dedicated to covering social, mobile, and startup news that impacts Canadians. Our editors and nationwide network of reporters combine breaking hyperlocal news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and... more



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