Research In Motion Makes Lead Commitment to Second BlackBerry Partners FundWATERLOO, ONTARIO--(Marketwire - Feb. 14, 2011) - Research In Motion (RIM) (NASDAQ:RIMM)(TSX:RIM) and the BlackBerry® Partners Fund today announced that RIM is making a lead commitment to BlackBerry Partners Fund II, a new US$150 million independent venture capital fund focused exclusively on mobile computing. BlackBerry Partners Fund II is expected to launch in June 2011 and will have a broader international mandate than the first Fund.
"We are very pleased with the positive impact of the first Fund on our mobile ecosystem and we look forward to BlackBerry Partners Fund II bringing additional resources and support to mobile innovators in a broader range of international markets," said Jim Balsillie, Co-CEO at Research In Motion.
"We are very fortunate to have RIM as an anchor investor and partner in our Fund and greatly anticipate expanding our reach and the geographical scope of Fund II," said John Albright, Co-Managing Partner of BlackBerry Partners Fund.
The first BlackBerry Partners Fund was established in 2008 in collaboration with Research In Motion, Thomson Reuters, Royal Bank of Canada and a roster of high profile investors. The Fund has made 13 investments to-date in mobile start-ups in Canada, the United States, Israel and Ireland. The Fund brings capital, resources and domain expertise to the partnerships it forms with exceptional entrepreneurs around the world who are shaping the future of the mobile eco-system.
About Research In Motion
Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999. Today, BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe, Asia Pacific and Latin America. RIM is listed on the NASDAQ Stock Market (NASDAQ:RIMM) and the Toronto Stock Exchange (TSX:RIM). For more information visit www.rim.com or www.blackberry.com.
About BlackBerry Partners Fund
BlackBerry Partners Fund is the leading independent venture capital firm focused exclusively on mobile computing. In collaboration with Research In Motion, along with Thomson Reuters and RBC, the global fund brings capital, resources and unparalleled domain expertise to the partnerships it forms with exceptional entrepreneurs around the world who are shaping the future of the mobile eco-system. The Fund has an investment footprint throughout North America, the United Kingdom and Israel. For more information visit www.blackberrypartnersfund.com.
Enter to win a BlackBerry KEY2 LE and prize package from CrackBerry!
New year, new giveaway! Enter to win a BlackBerry KEY2 LE!
Save $150 on the BlackBerry KEY2 from GoTalk
For a limited time, GoTalk has knocked $150 off the regular price of the KEY2 in Silver or Black when you use coupon code KEY2XMAS at checkout.
Twitter announces new controls for conversations, available globally now
Twitter has announced that it is changing the way conversations work on Twitter, bringing more control to users so as to make Twitter safer and more comfortable.