https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • Analytics
    • Artificial Intelligence
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel 101
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Diversity & Inclusion
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
    • Back
    • 2021 MSP 501 Application
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Our Sponsors
    • From the Industry
    • Content Resources
    • COVID-19 Partner Help
    • Galleries
    • Podcasts
    • Reports
    • Videos
    • Webinars
    • White Papers
  • EMEA
  • Awards
    • Back
    • Excellence in Digital Services
    • 2021 MSP 501
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
  • Channel Mentor
    • Back
    • Channel Market Intelligence
    • Channel Educational Series
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • Analytics
    • Artificial Intelligence
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel 101
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Diversity & Inclusion
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
    • Back
    • 2021 MSP 501 Application
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Our Sponsors
    • From the Industry
    • Content Resources
    • COVID-19 Partner Help
    • Galleries
    • Podcasts
    • Reports
    • Videos
    • Webinars
    • White Papers
  • EMEA
  • Awards
    • Back
    • Excellence in Digital Services
    • 2021 MSP 501
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
  • Channel Mentor
    • Back
    • Channel Market Intelligence
    • Channel Educational Series
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Digital Service Providers
  • Cloud Service Providers
  • CHANNEL PARTNERS ONLINE
 Channel Futures

Mergers and Acquisitions


Synchronoss Acquires Cloud Services Provider NewBay From RIM

  • Written by Chris Talbot 1
  • January 2, 2013
Research In Motion (RIM), which is working on its BlackBerry 10 smartphone release, sold its NewBay cloud services business to Synchronoss Technologies.

Research In Motion (RIM) has let go of its cloud services company, NewBay, selling it to Synchronoss Technologies for $55.5 million in cash. The acquisition closed just after Santa's visit to all the good, little boys and girls.

The acquisition of the Dublin, Ireland-based cloud services company will give Bridgewater, New Jersey-based Synchronoss the ability to expand its global mobility platform enablement strategy considerably. The acquisition followed shortly on the heels of two C-level executive appointments at NewBay. The cloud services company appointed Tom Goguen as CEO in September and Mark Payne as CFO in October. Both were former RIM executives who now find themselves with brand new bosses. Still, this deal must have been in the works for some time.

This is a fast turnaround for RIM, which only snapped up NewBay in October 2011. RIM, which is frequently being scrutinized for its recent issues in the mobile device market, barely held onto the cloud services company for a year. Whether it just wasn't the fit RIM execs thought it would be or it was a sale of necessity is unknown.

Unfortunately for RIM, this was a big loss. RIM bought NewBay in 2011 for about $100 million, although the exact figure is known only by the head honchos of the time at both RIM and NewBay. Selling it for half of what was originally paid for the company is a tough break for the Canadian BlackBerry manufacturer.

NewBay's white-label software platform enables mobile operators and service providers to deliver "content experiences" across connected devices. According to NewBay, its cloud services find their way to millions of users.

According to Stephen Waldis, Synchronoss CEO, the acquisition will bolster Synchronoss' global presence, including increasing its customer base and adding major European mobile operators to its customer list.

Synchronoss Technologies provides customers with software-based activiation and mobile content management products for connected devices.

Tags: Cloud Service Providers Digital Service Providers MSPs VARs/SIs Business Models Channel Research Cloud Mergers and Acquisitions

Related


  • Partner Program Update
    Palo Alto Networks Rolls Out Latest NextWave Partner Program
    NextWave 3.0 will help partners differentiate their services.
  • Computer network connection modern city future technology
    Juniper Networks Integrates Mist, 128 Offerings Following Acquisitions
    Juniper is baking AI into its recently acquired SD-WAN offering.
  • Man with storage in data center
    Data Protection Providers Arcserve, StorageCraft Agree to Merge
    The deal expands market coverage for both Arcserve and StorageCraft partners.
  • Roaring 20s
    The “Roaring 20s” Are Coming
    2020 was a significant challenge, but the roaring 20s will come—thanks, in no small part, to partners.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • Atera Investment to Help Company Assist More MSPs, IT Pros
  • Infoblox Cloud Specialization to Help Partners with SaaS Sales
  • New Commvault EMEA Channel Exec Outlines Plans for Channel
  • VC Firm Greenspring Associates Leads $40M Investment in MSP Electric

Galleries

View all

From The Second City: How to Use Improv as a Business Tool

March 3, 2021

Industry Perspectives

View all

Multi-Cloud: Strategy or Inevitable Outcome? (or both?)

March 3, 2021

Backup Vulnerability: 4 Targets Hackers Might Utilize to Infiltrate Your Backup Solution

March 2, 2021

The “Roaring 20s” Are Coming

February 25, 2021

Webinars

View all

A Partner’s Perspective on Channel Success in 2021

March 23, 2021

XDR and Why it Matters to MSPs

March 24, 2021

Top Security Trends Impacting Technology Security Providers In 2021

March 25, 2021

White Papers

View all

Why Fortinet for my MSSP?

March 2, 2021

Small and Mid-Size Business Security: 4 Steps to Success

March 2, 2021

How SMBs Can Secure Endpoints and Remote Workers for the Long Haul

March 2, 2021

Upcoming Events

View all

Channel Partners Conference & Expo

November 1, 2021 - November 4, 2021

Videos and Fastchats

View all

FASTCHAT: How SOAR Eliminates Security Challenges and Elevates Service Provider Revenues

January 6, 2021

Happy Holidays from Channel Partners & Channel Futures!

December 21, 2020

FASTCHAT: How Old, Unpatched Technologies Are Creating New Security Threats for MSPs and Their Customers

December 3, 2020

Twitter

ChannelFutures

Kelly Leonard of @SecondCity talks to us about how improv can be used as a business tool to improve the company cul… twitter.com/i/web/status/1…

March 4, 2021
ChannelFutures

Another amazing day at #CPVirtual. Here's what you missed and what's on tap for Day 3. @Channel_Expo… twitter.com/i/web/status/1…

March 4, 2021
ChannelFutures

Learn how @VMWare can help you build and deliver a #multicloud strategy. #hybridcloud #cloud #AWS… twitter.com/i/web/status/1…

March 3, 2021
ChannelFutures

Learn about the merging of our media websites; plus, a new #MSP Summit this fall. @Channel_Expo… twitter.com/i/web/status/1…

March 3, 2021
ChannelFutures

.@KnowBe4 acquires @MediaPROInc to beef up #cybersecurity training. dlvr.it/RtvdpB https://t.co/FzseCn4K6A

March 3, 2021
ChannelFutures

#COVID19 is ramping up #socialengineering – time for MSSPs to step in. @Electric_AI dlvr.it/RtvRQc https://t.co/ebTJNJcOxz

March 3, 2021
ChannelFutures

.@pluribusnet launches expanded, simplified partner program. #SDN dlvr.it/RtvGtQ https://t.co/bRDqYLEhXJ

March 3, 2021
ChannelFutures

#SupplyChain agility is changing global distribution patterns and #ictservices, says @NeecoICT.… twitter.com/i/web/status/1…

March 3, 2021

MSSP Insider

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Channel Partners Online

Want more? Find more channel news and analysis on our sister site, Channel Partners.

Media Kit And Advertising

Want to reach our audience? Access our media kit

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Online
  • Channel Partners Events
  • MSP 501
  • MSSP Insider
  • IoT World Today
  • Webhostingtalk

WORKING WITH US

  • Contact
  • About us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X