Organization: Research in Motion Ltd

Lazaridis and Fregin launch $100M quantum VC fund

Mike Lazaridis has teamed with fellow Research In Motion Ltd co-founder Doug Fregin to launch a venture capital fund in the area of quantum information science with an initial $100 million investment of their own money. Quantum Valley Investments will be based in Waterloo ON which has deep expertise in quantum and theoretical physics. The…

Research In Motion snaps up Ottawa-based QNX Software

Research In Motion Ltd (RIM) has acquired QNX Software Systems from Harman International, Stamford CT, which acquired the Ottawa-based firm in 2004 for $138 million. RIM is paying $200 million for QNX to strengthen its presence in the automotive sector and other wireless product lines (intelligent peripherals) yet to be announced. QNX develops open platform…

Research In Motion breaks $1-billion R&D plateau

Research In Motion Ltd (RIM) has become the third company in Canadian history to break the $1-billion mark for R&D expenditures, according to the Waterloo-based firm’s latest financial data. For the FY ended Feb 28/10, RIM spent US$964.8 million on R&D, up 40.9% from the previous FY. When converted into Canadian dollars (using the Bank…

Adenyo raises $30 million in venture capital

Toronto-based Adenyo has secured $26.9 million in financing to advance the development and marketing of its four product lines aimed at the mobile economy. The funds were provided by an institutional round of US$17.2 million led by Genuity Capital Markets and $9.7 million in private placements. Utilizing a software-as-a-service or cloud model, Adenyo’s proprietary mobile…

New $5-million software engineering chair at Queen’s

Queen’s Univ will be home to a new $5-million Industrial Research Chair in Software Engineering of Large-Scale Systems The funding comes from Research in Motion Ltd and the Natural Sciences and Engineering Research Council. The chair will seek ways to improve the efficiency and reliability of software integration across multiple systems. RIM and NSERC already…

Waterloo ranks among North America’s most innovative

New data show that Waterloo ON is one of the most innovative regions in North America. Analysis of R&D spending and US patents granted show that Waterloo had an R&D to GDP ratio of 2.7% in 2005, compared to the Canadian average of 2.0%, 2.4% in Ontario and 2.6% in the US. Private sector R&D…

Waterloo chosen as 2007’s intelligent community

The City of Waterloo has been selected as the 2007 Intelligent Community of the Year, an annual award presented by the New York City-based Intelligent Communities Forum (ICF). Waterloo was chosen for its ongoing achievements — particularly in the area of information and communications technology — and its nurturing of world class companies like Research…

Perimeter secures provincial and federal funding

The Perimeter Institute for Theoretical Physics has secured more than $50 million in federal and provincial commitments in its bid to secure $100 million in public support. The new money augments the $120 million committed by three executives of Research in Motion Ltd, including $100 million from RIM president Mike Lazaridis. The latest funding announcements…