5

One Year After Buying NewBay, RIM Sells The Mobile Cloud Software Developer To Synchronoss Technologies For $55.5M In Cash

view full story
linux-howto

http://techcrunch.com – RIM could have a little more cash on hand next quarter. The flailing BlackBerry-developer has sold its cloud services unit NewBay to Synchronoss Technologies, the provider of automation software, mobility management and cloud technology solutions The acquisition price was $55.5 million in cash, and the transaction closed in the fourth quarter of 2012. It was a short-lived acquisition for RIM, who bought NewBay in October 2011 for $100 million and took a bit of a bath. In August, Reuters reported that RIM was looking to sell NewBay. NewBay’s cloud software enables mobile operators and ser (IT news)