Research In Motion Ltd. has launched a $150 million
BlackBerry Partners Fund to invest in applications and services for its wireless BlackBerry device and other mobile platforms. In the innovate or die wireless equipment sector, it's no surprise that RIM wants a piece of promising emerging technologies, particularly in light of the $100 million
iFund launched by Kleiner Perkins, Caufield & Byers in March for iPhone-only startups.
What is perhaps a bit unexpected is that Thomson Reuters is RIM's partner in the fund. Here's what Devin Wenig, chief executive of Thomson Reuters markets division had to say:
Thomson Reuters is committed to supporting the development of next-generation mobile applications that will provide our professional and business customers with anywhere, anytime capabilities. The ability to make business-critical decisions with intelligent information available on mobile devices will give our customers a clear competitive advantage.
Apparently the
newly merged financial information and data giant sees corporate venture as one way to make that happen.
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How the unaccountable person Devin Wenig had made the deal.?
Devin Wenig is the man with questionable stock options.