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Blackberry Maker

In: Computers and Technology

Submitted By shah368
Words 1516
Pages 7
Research in Motion Company limited (RIM)
Introduction of the organization
Research in motion limited (RIM) (TSX: RIM, NASDAQ: RIMM) is company founded in Canada that deals with telecommunication and wireless devices and has been known for the outstanding developing of
Blackberry Smartphone. The company has it is headquarter in Waterloo, Ontario in Canada and they are the main sponsor of RIM park that is situated in the northeast of the city. The company was founded by
Mike Lazaridis who until January 23, 2012, was the company co-CEO. He worked alongside Jim Balsilie, who also stepped down from the co-CEO position on January 23, 2012.
Before the company produced Blackberry, it was working with RAM Mobile Data and Ericsson in turning Mobitex wireless date into a two-way paging and wireless e-mail network. During their work with the Eriksson Company, they developed Interactive pager 950 that started functioning in 1998. This device was a size of a bar soap and competed very well with Sky Tel two-way paging network that had developed by the Motorola Company (, 2010). The Canadian institution and venture capital investors funded its early development in 1995. It did this through placing it in the privately held company. Working Ventures Fund Inc. made a step by investing in the company with five million Canadian dollars. This was to be used to complete the company development of the two-way paging system hardware and software. RIM floated shares in the
Toronto Stock Exchange in January 1998. Before initial public offer, they had raised thirty million
Canadian dollars in pre-IPO financing.
Since the time that they sold their IPO in the stock exchange market, they have produced several devices that runs using GSM, CDMA and iDEN networks. Blackberry devices did very well in the corporate world as it sent the message very

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