RIM to buy Irish cloud software firm NewBay

RIM to buy Irish cloud software firm NewBay

Summary: The BlackBerry maker has reportedly agreed to buy Dublin-based NewBay, which develops 'white-label' mobile phone software that lets people share and store photos, video and other content

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Research In Motion has agreed to buy Irish mobile software maker NewBay, in a bid to build up BlackBerry's features as it plays catch-up to rival services.

The BlackBerry device maker has negotiated a $100m (£63.9m) deal with NewBay, according to reports on Friday, although neither company has disclosed terms of the agreement. According to Reuters, the deal has yet to close.

According to the Irish Times, NewBay staff were informed of the acquisition by RIM on Thursday, and it is understood that the Canadian company plans to keep the Irish company's software development centre in Dublin, where about 200 staff are employed.

NewBay, a provider of cloud-based photo, video and social-networking tools for smartphones and computers, has more than 80 million subscribers for its white-label LifeCache content services through deals with network operators including Telefonica, Deutsche Telekom, AT&T and Verizon. 

For more on this ZDNet UK-selected story, see RIM buys software maker NewBay for $100M on ZDNet Asia.


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Topic: Tech Industry

Kevin Kwang

About Kevin Kwang

A Singapore-based freelance IT writer, Kevin made the move from custom publishing focusing on travel and lifestyle to the ever-changing, jargon-filled world of IT and biz tech reporting, and considered this somewhat a leap of faith. Since then, he has covered a myriad of beats including security, mobile communications, and cloud computing.

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