NewBay Officially Acquired by RIM

Chris CrumBusiness

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Earlier this month, there were reports that Research in Motion, makers of BlackBerry smartphones and tablets, had acquired Irish Software firm NewBay for $100 million.

RIM finally confirmed the acquisition (though terms weren't officially disclosed) in a blog post this morning. A message from Alan Brenner, SVP, BlackBerry Platform says:

Today we are pleased to announce that NewBay has joined Research In Motion (RIM). We’re excited that the NewBay team will be bringing their expertise in cloud-based digital content services to the BlackBerry platform.

NewBay’s LifeCache platform helps enable operators and device makers to deliver content across multiple, connected devices such as mobile phones, PCs and tablets.

A message on the NewBay site says:

Today we are delighted to share that NewBay has now become part of Research In Motion (RIM). This is a great opportunity to further expand our digital content cloud services offering. We will continue to enable operators and device makers worldwide to deliver a lifetime of content experiences across all connected devices such as mobiles, PCs, tablets and TVs.

Here's what NewBay offers (via the company's site):

NewBay Products

The Irish Times, which broke the news earlier this month, reported that RIM would keep NewBay's software development center in Dublin. The center, the report said, employs about 200 people, and marks RIM's first presence in Ireland.

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.