Sunday, April 21, 2024

BlackBerry Maker RIM Buys Cloud Tool Provider NewBay

Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

Reuters: RIM, the Canadian company that manufactures BlackBerry smartphones, has purchased NewBay, an Irish company that provides tools for social networking and editing and managing photos and videos online. The company did not release details about the deal, but analysts say that it likely paid $100 million for NewBay. Analysts also suggest that RIM made the move in order to compete against the cloud-based offerings of Apple and Google.

NewBay currently has 80 million subscribers for its “white-label” content.

Subscribe to Data Insider

Learn the latest news and best practices about data science, big data analytics, artificial intelligence, data security, and more.

Similar articles

Get the Free Newsletter!

Subscribe to Data Insider for top news, trends & analysis

Latest Articles