Tag: acquisitions

Some Thoughts About The Fairfax Financial Purchase of BlackBerry

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BlackBerry has received a Letter of Intent to purchase from Fairfax Financial, a financial holding company based in Toronto, Ontario, which is engaged in property, casualty, and life insurance and reinsurance, investment management, and insurance claims management. If and when the purchase goes through, it should provide BlackBerry the ability to restructure and position itself better in the market, without having to fend off short term concerns of quarterly financials or shareholder demands.
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Publicly Traded SolarWinds Acquires Rove Mobile Admin Technology $SWI

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SolarWinds is a publicly traded company that provides IT operations management software to more than 95,000 customers worldwide. Today, the company announced that it has acquired Rove’s Mobile Admin software and is incorporating its solution into its product offerings. This seems like a smart move on the part of SolarWinds, as Rove has some big customers as well as a robust cross-platform tool for IT Admins.
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Mobihand Under Financial Strain and Looking For Acquisition

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Last week we wrote about Mobihand not paying a developer that was owed over $100K because it was having cashflow issues. Now, Mobihand has publicly admitted that it is under “significant financial strain” and it’s looking at selling the company. What’s odd, is that accounting for a middleman style company should be pretty straight-forward. If you owe a developer $100K, you should have that money guaranteed because it’s backed by the consumers that bought the app.
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RIM Acquires Mobile Content and Cloud Services Provider NewBay

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NewBay is an Ireland-based digital content services company that specializes in white-label solutions for mobile carriers. Some of their products include social networking tools, mobile video content delivery, mobile messaging, utilities, as well as tailor made mobile OSes for mobile carriers such as Verizon, T-Mobile and AT&T. The company also has a significant presence in the cloud services space which is probably the cause of the acquisition. More after the jump.
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RIM’s Management Changes Are For the Best

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RIM corporate

It seems that every time the blogosphere catches wind of a management change, either the post is written as “another nail in the coffin for RIM” or the post follows a series of “bye bye RIM” comments. There doesn’t seem to be much talk around the fact that management changes are a) normal in a large company b) most likely motivated by career advancement and not company stock price and c) good for bringing new blood to the company. Here are some RIM management change stories that have been coming up:

Did RIM lose its BlackBerry software boss just ahead of QNX transition? – Yes, it makes sense that a company transitioning to an entirely new platform would lose its VP of Handheld Software. The handheld software is what everyone has been complaining about so it’s not such a bad thing that the VP is out.

RIM loses BlackBerry PlayBook product manager to Samsung – The PlayBook was announced early, delayed and eventually came out lacking features that garnered it pretty harsh initial reviews. Is losing the PlayBook’s product manager therefore a bad thing? Probably not.

RIM Marketer Joins a Rival and RIM CMO Out on Eve of Playbook Tablet Launch – RIM’s marketing team is constantly getting criticized because they couldn’t convey the right messages about the BlackBerry Platform. To this day, you still find people who own a BlackBerry and have no idea it runs apps. We should be happy the marketing team is getting new leadership.

Research In Motion Announces Retirement of Don Morrison – The COO has probably made a lot of money in his years at RIM and would rather spend his time in the Muskokas.

Research In Motion Provides Management Update and Details On Cost Optimization Program – The only troubling thing here is that it seems like the same old guys are just moving up a rank or expanding their duties. It doesn’t seem like much has changed really.
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More Video Editing Features Coming to BlackBerry via JayCut Acquisition

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A quick look at the JayCut toools.

RIM has announced another acquisition today and it comes in the form of JayCut. For those who don’t know, JayCut is a company that does video editing tools. According to David Yach, CTO at RIM, the acquisition will bring video editing tools to BlackBerry, including the PlayBook.

The BlackBerry PlayBook offers users premium multimedia features, including dual HD cameras for video capture and video conferencing, HDMI output and high resolution video playback. By working with JayCut to add video editing capabilities to the BlackBerry platform we can further enrich our customers’ multimedia experience with BlackBerry.

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