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Synchronoss Technologies Inc Announces Acquisition Of Research in Motion Limited's NewBay

Thursday, 27 Dec 2012 04:05pm EST 

Synchronoss Technologies Inc announced that it has acquired NewBay, a wholly owned subsidiary of Research in Motion Limited. NewBay is a cloud services, enabling mobile operators and service providers to deliver content experiences across connected devices such as smartphones, tablets, PC`s and TV`s. NewBay`s cloud services are delivered to millions of user and stores billions of media files for live operator services around the world. In consideration for the acquisition, Synchronoss paid $55.5 million in cash to Research in Motion Limited, and there was no assumption of cash or debt. The transaction closed at the end of the fourth quarter of 2012. 

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22 Oct 2014