M&A Deal Summary

BlackBerry Acquires QNX Software Systems

On April 9, 2010, BlackBerry acquired software company QNX Software Systems from Harman International Industries for 200M USD

Acquisition Highlights
  • This is BlackBerry’s 5th transaction in the Software sector.
  • This is BlackBerry’s 3rd largest (disclosed) transaction.
  • This is BlackBerry’s 6th transaction in Canada.
  • This is BlackBerry’s 6th transaction in Ontario.

M&A Deal Summary
Date 2010-04-09
Target QNX Software Systems
Sector Software
Buyer(s) BlackBerry
Sellers(s) Harman International Industries
Deal Type Divestiture
Deal Value 200M USD

Target

QNX Software Systems

Ottawa, Ontario, Canada
website
QNX Software Systems Ltd., based in Ottawa, Ontario, was founded in 1980. The unit's QNX® Neutrino® open platform operating system is deployed across multiple business sectors including automotive, industrial, telecommunications, medical, defense, and aerospace.

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Buyer(S) 1

Buyer

BlackBerry

Waterloo, Ontario, Canada

website

Category Company
Founded 1984
Sector Technology Hardware
Employees3,325
Revenue 718M USD (2022)
DESCRIPTION

BlackBerry a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. BlackBerry was founded in 1984 and is based in Waterloo, Ontario.

DEAL STATS #
Overall 8 of 25
Sector (Software) 5 of 14
Type (Divestiture) 1 of 1
State (Ontario) 6 of 6
Country (Canada) 6 of 7
Year (2010) 2 of 4
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-26 Viigo

Toronto, Ontario, Canada

Viigo has built a platform that makes it easy for publishers and other content companies to develop applications for the BlackBerry platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-24 Cellmania

Mountain View, California, United States

Cellmania, Inc. provides mobile and broadband content solutions.

Buy -

Seller(S) 1

SELLER

Harman International Industries

Stamford, Connecticut, United States

website

Category Company
Founded 1980
Sector Electronics
Employees24,197
Revenue 6.9B USD (2016)
DESCRIPTION
Entrance to a Harman retail store in New York City.
Entrance to a Harman retail store in New York City.

Harman International Industries, Inc. is a designer, manufacturer and marketer of audio and infotainment products for the automotive, consumer and professional markets. Its brands include Harman Kardon, JBL, Revel, Mark Levinson, Infinity, Lexicon, Soundcraft-Studer, AKG, Becker and QNX. Harman International Industries, Inc. was formed in 1980 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-23 PhatNoise

Los Angeles, California, United States

PhatNoise, Inc. is an edge developer of next-generation hardware and software technologies for digital media enjoyment in the automobile.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-15 Aha Mobile

Palo Alto, California, United States

Aha Mobile, Inc. is a provider of on-demand mobile and location-based Internet content services. Based in Palo Alto, California, Aha Mobile is a pioneer in converting Web-based content to streaming mobile radio that allows users to safely access their favorite news, entertainment and social media via in-vehicle infotainment systems or smart phone.

Buy -
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