BlackBerry Limited, formerly known as Research In Motion Limited (RIM), is a Canadian-based multinationalwireless telecommunications software and mobile hardware company best known to the general public as the developer of the BlackBerry brand of smartphones, and tablets, but is transitioning to becoming a worldwide provider of software for industrial applications and mobile device management (MDM)
In 1995, RIM was financed by Canadian institutional and venture capital investors through a private placement in the privately held company. Working Ventures Canadian Fund Inc. led the first venture round with a $5,000,000 investment with the proceeds being used to complete the development of RIM's two-way paging system hardware and software. A total of C$30,000,000 in pre-IPO financing was raised by the company prior to its initial public offering on the Toronto Stock Exchange in January 1998 under the symbol RIM
In 1996, RIM introduced the Inter@ctive Pager, the first two-way messaging pager, and the RIM 900 OEM radio modem. The company worked with Ram mobileData and Ericsson to turn the Ericsson-developed Mobitex wireless data network into a two-way paging and wireless e-mail Network. Pivotal in this development was the release of the Inter@active customer 950, which started shipping in August 1998. About the size of a bar of soap, this device competed against the Skytel two-way paging network developed by Motorola.
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