RIM buys Vancouver's Chalk Media for $23.1-million

Posted by Rob Lewis

Waterloo's Research In Motion has agreed to acquire Chalk Media Corp. for $23.1-million in cash. As part of the deal, RIM is lending the Vancouver-based mobile-media software maker $2.2 Million to provide working capital until the deal is completed. RIM is offering 14.2 cents per share for Chalk Media, which last traded at 4.5 cents on the TSX Venture Exchange, with a 52-week range between 24.5 cents and two cents.

Chalk Media developed Mobile Chalkboard, which creates and deploys media-rich content delivery to RIM's BlackBerry smart phones. The technology has been “embraced by large corporate and government organizations that have deployed the BlackBerry platform and will provide a powerful addition to RIM's portfolio of products and services for enterprise customers,” Research In Motion said.

More on this acquisition later this afternoon. Chalk Media is a Yaletown neighbour and I hope to sit down with their EVP.

Company:
Chalk Media
Website:
http://www.chalk.com
Location:
Vancouver, British Columbia, Canada

Chalk is a leading provider of tailored enterprise solutions that help organizations communicate more effectively with their employees, business partners & customers. Our patent-pending software, chalkboard™, is the foundation of our enterprise solutions. chalkboard™ facilitates the creation, delivery, tracking and management of mobile and computerbased content. We have created enterprise solutions for many... more

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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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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