RIM buys NewBay in $100m deal
 

IRISH SOFTWARE firm NewBay has been acquired by Canadian smartphone maker Research in Motion in a $100 million deal.

NewBay staff were informed of the company’s purchase by the Blackberry maker yesterday.

It is understood that RIM intends to keep NewBay’s software development centre in Dublin, which employs about 200 staff. It will be the first facility for the Canadian firm in Ireland.

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.

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, ATT, Telstra and Verizon.

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