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Research in Motion, Thomson Reuters plan venture fund

TEL AVIV (MarketWatch) — Research In Motion, the Waterloo, Ontario, producer of the BlackBerry communications system, and Thomson Reuters said Monday that they would launch a US$150 million venture-capital fund to invest in applications and services for the BlackBerry and other mobile platforms. Thomson Reuters is the Toronto information-services group. BlackBerry Partners Fund, to be co-managed by JLA Ventures and RBC Venture Partners, will not limit its investments to companies at particular stages of development, the companies said in a statement. JLA is a Canadian venture-capital firm.

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Original post by Forextvblog

This entry was posted on Monday, May 12th, 2008 at 1:18 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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