RIM (RIMM) Getting More 'Cloudy' with New Irish Acquisition
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According to reports citing the Irish Times Friday, RIM (Nasdaq: RIMM) has acquired Dublin-based cloud-storage company NewBay. RIM is paying about $100 million in the deal.
NewBay will keep it's offices in Dublin. It employs about 200 staff.
According to IT, "the most recent filed accounts show that NewBay had revenues of €18 million in 2009, up from €15.8 million a year earlier. It recorded a net loss of €2.7 million in 2009, compared to €1.9 million in 2008."
Founded in 2002, NewBay specializes in the development of mobile-phone software that allows users to create, store, and share digital content in the cloud. The company had deals with Verizon, AT&T, T-Mobile USA (and parent Deutsche Telekom), U.S. Cellular, Telefónica O2, France Telecom Orange, and Telstra.
NewBay will keep it's offices in Dublin. It employs about 200 staff.
According to IT, "the most recent filed accounts show that NewBay had revenues of €18 million in 2009, up from €15.8 million a year earlier. It recorded a net loss of €2.7 million in 2009, compared to €1.9 million in 2008."
Founded in 2002, NewBay specializes in the development of mobile-phone software that allows users to create, store, and share digital content in the cloud. The company had deals with Verizon, AT&T, T-Mobile USA (and parent Deutsche Telekom), U.S. Cellular, Telefónica O2, France Telecom Orange, and Telstra.
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