RIM acquires Irish software company NewBay – report


7 Oct 2011

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BlackBerry creator RIM has reportedly acquired Irish software company NewBay in a deal worth US$100m and will keep NewBay’s current headquarters in Dublin, which employs 200 staff.

The Irish Times reports that NewBay’s staff members were informed of the deal yesterday.

Founded in 2002, NewBay develops software for mobile phones, PCs and tablets which delivers digital content.

Its LifeCache platform powers cloud-based services to store and share digital content to any internet-connected device. It’s made up of a suite of products which lets its operators and companies deliver user content services, such as social networking, photo and video albums and converged messaging services.

These solutions can be integrated with third-party services or can become a part of a user content ecosystem. LifeCache is used by 80m subscribers globally.

Its customers include Telefonica O2, AT&T and T-Mobile USA. LG Electronics has also pre-installed this software on a number of its devices. NewBay processes millions of messages daily and stores billions of media for live operator and device maker services.

Along with its Dublin headquarters, NewBay has operations in the US, UK, Germany, Australia and South Korea.