Looks like Blackberry and Playbook maker Research In Motion made another acquisition last week as the purchased Ireland-based NewBay for a reported $100 million. NewBay develops software used by carriers such as AT&T, T-Mobile, and Verizon to provide their customers with solutions such as online photo albums, automatic updating of social network status, and online address books. With most carriers already having a solution that provides these features for their customer based this does not seem like a strategic acquisitions for RIM, but maybe there is a base of carriers that haven’t been locked in yet, Bell, Rogers and TELUS already provide these type of services for Canadian customers.
RIM Acquires Ireland-based NewBay
BY:
Dave Forde
October 11, 2011
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