Research in Motino has agreed to acquire NewBay Software, a provider of white-label cloud-based content services. RIM has signed an agreement to acquire the company, but has not provided any other comment on the deal. According to AllThingsD, the deal is worth about $100 million.
RIM is likely looking to have its own version of iCloud which is why they are making this purchase. NewBay's cloud-based media management service allows users to store and share pictures, videos, etc., and will likely be the foundation for RIM's cloud services.
RIM is likely looking to have its own version of iCloud which is why they are making this purchase. NewBay's cloud-based media management service allows users to store and share pictures, videos, etc., and will likely be the foundation for RIM's cloud services.