Research In Motion Ltd (RIMM)

Interesting Beginning of Research in Motion Limited (RIMM)

June 1st, 2012 Posted by Company Research Report No Comment yet

Research in Motion (RIMM). The picture of a man with the umbrella struggling against the New York City snowstorm back in February of 2010.  This could almost describe what has been happening with recent events at Research In Motion Limited – RIMM, they were caught ill-prepared for a storm of their own back on October 10, 2011.

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In the mid-90s when I was still working in Manhattan I remembered having to work with RIMM.  Everyone in the company had a Blackberry.  The problem was we couldn’t open MS Word with the Blackberry. I was asked to help coordinate.  I don’t remember the outcome but I remember the team with Blackberry was nice, polite and professional.  They sat with our IT department, on our problem.  No wonder they dominated the business market for years.

Who started the company and why?

Research In Motion (RIMM), is a global leader in wireless innovation founded by Mike Lazaridis and Jim Balsillie in 1984. RIMM worked with RAM Mobile Data and Ericsson to turn the Ericsson-developed Mobitex wireless data network into a two-way paging and wireless e-mail network. Mobitex is an Open System Interconnection (OSI) based, national public access wireless packet switched data network. Developed by Swedish Televerket Radio in the beginning of 1980s.

RIMM started in a one-room office; the founders were a twenty-three-year-old college dropout.  RIMM was a company with a difference. Mike and Doug were practical and visionary at the same time, and the pair turned out to be superb engineers. The company was financed by family and a $15,000 government loan.

RIMM’s first big job was a $600,000 contract making networked LCD screens for the General Motors Canada assembly line. Based in Waterloo, Ontario, RIMM operates in North America, Europe, Asia-Pacific, and Latin America.

What is the background of the company? its history and development?

Now, let’s focus on storytelling. The company’s background, history and development followed by the nature of the business.

·    The company incorporated under the Business Corporations Act (Ontario) (“OBCA”) on March 7, 1984.
·    Early development financed by Canadian Institutional and Venture Capital Investors in 1995.
·    Was funded C$30,000,000 before initial public offering on the Toronto Stock Exchange in January 1998 under the symbol RIM.
·    In August 1998, RIMM began shipping Inter@ctive pager 950.
·    Introduced BlackBerry® solution in 1999.
·    Company’s last amalgamation with its wholly owned subsidiaries happened on February 24, 2003.
·    On 2006, Research In Motion and Information Appliance Associates have a licensing agreement in which RIMM would offer a version of PocketMac for BlackBerry to Macintosh users for free.
·    On October 2008, RIMM became one of “Canada’s Top 100 Employers” by Mediacorp Canada Inc., and was featured in Maclean’s magazine.
·    RIM announced in February 2009 that they were expanding their global operations by opening an office and training facility in North Sydney, New South Wales, Australia.
·    On June 2009, RIMM announced the purchase of Dash Navigation.
·    On August 2009, RIMM bought Torch Mobile.
·    On August 18, 2009, Fortune Magazine named RIMM the fastest growing company in the world.
·    As of May 2010, RIMM OS held 10.4 percent of the smartphone operating system market.
·    On March 26, 2010, the company announced the acquisition of BlackBerry applications developer Viigo, a Toronto-based company.
·    RIMM agreed with Harman International on April 12, 2010, to buy QNX Software Systems.
·    On September 27, 2010, RIMM announced BlackBerry PlayBook tablet computer.
·    On March 25, 2011, RIMM bought 100 percent of a company whose technology is being incorporated into the company’s developer tools.
·    The BlackBerry PlayBook was released to the US and Canadian consumers on April 19, 2011.
·    On April 26, 2011, the company bought assets and incorporated into the Company’s products.
·    On June 2011, the company acquired Scoreloop.
·    On June 2011, RIMM bought Nortel patent portfolio.
·    On June 30, 2011, an investor push for the company to split its dual-CEO structure was unexpectedly withdrawn after an agreement was made with RIMM.
·    On July 21, 2011, the BlackBerry PlayBook tablet received Federal Information Processing Standard 140-2 certification.
·    On September 2011, RIMM decided to build assembly factory (hardware) in Malaysia, instead of in Indonesia.
·    On October 10, 2011, RIMM experienced one of the worst service outages in the company’s history.
·    Service was restored when the outrage ended on October 13, 2011.
·    During fiscal 2012, the company launched the wireless fidelity Wi-Fi-enabled BlackBerry PlayBook tablet in 44 markets around the world.
·    On January 22, 2012, RIMM new CEO Thorsten Heins.
·    On February 21, 2012, it released the BlackBerry PlayBook OS 2.0 software.
·    On March 2012 it was announced that RIMM awarded a patent for placing fuel cell behind mobile phone keyboards.
·    On March 8, 2012, the company acquired Paratek Microwave Inc.
·    During the fiscal year ended March 3, 2012 (fiscal 2012), the company bought 100 percent

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