RIM pays $100M for NewBay Networks

Research in Motion (NASDAQ:RIMM) is beefing up its cloud-based content services with the acquisition of NewBay Networks, a white-label provider of cloud-based services. The company declined to provide specifics, but various news agencies are reporting a purchase price of $100 million.

NewBay makes software that allows users to create, store and share digital content in the cloud. The company has deals with Verizon (NYSE:VZ), AT&T (NYSE:T), T-Mobile USA , U.S. Cellular, Telefónica O2, France Telecom Orange and Telstra.

Although it's unclear exactly how RIM will incorporate NewBay into its business, many believe RIM will use NewBay's LifeCache software as a foundation for future BlackBerry cloud-based content services.

RIM has been making a series of acquisitions lately. In July the company acquired video editing company JayCut and in June the company acquired cross-platform mobile social gaming solutions provider Scoreloop. In March RIM bought tinyHippos, developer of the Ripple multi-platform mobile environment emulator.

For more:
- see this AllThingsD article
- see this ZDNet article

Related Articles:
RIM acquires video editing startup JayCut
RIM acquires mobile app testing platform tinyHippos
RIM execs respond to criticism of BlackBerry strategy at shareholder meeting
RIM adds 1M EMEA BlackBerry subs, faces pressure on management plans
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