RIM purchases NewBay for $100 million
Research In Motion has purchased another company in an effort to improve the user experience. This time, they purchased Ireland based company NewBay for $100 million. I wonder how RIM plans on using what it gets from NewBay in the future BBX platform. Only time will tell. Not many details were revealed about this purchase but the following statement was issued.It signed deals for its software with a number of major networks including T-Mobile USA, Deutsche Telekom, Telefónica O2, France Telecom Orange, US Cellular, AT&T, Telstra and Verizon."
"NewBay develops software for use on mobile phones which enables users to create and share digital content such as pictures and videos, as well as updating social networks.
- Let us know what you think about RIM's latest purchase.