Harman International and Research In Motion (RIM) have announced that the two companies have reached an agreement for RIM to acquire QNX Software Systems.
The deal is subject to regulatory approval and is anticipated to close within 35-45 days. This strategic move is expected to further strengthen QNX penetration in the automotive market and foster innovation for markets served by all parties.
“RIM is excited about the planned acquisition of QNX Software Systems and we look forward to ongoing collaboration between Harman, QNX and RIM to further integrate and enhance the user experience between smartphones and in-vehicle audio and infotainment systems,” said Mike Lazaridis, President and Co-CEO at RIM.
“We welcome the opportunities that a strengthened relationship with RIM will create, as two innovation leaders collaborate to bring new connectivity solutions to the industry,” said Dinesh C. Paliwal, Harman’s Chairman, President and CEO.
“We expect to maintain our close association with QNX and the cutting-edge software solutions it provides to Harman and our customers. We believe our leading customers will fully endorse this move and see it as a major step in advancing seamless connectivity and integration among intelligent devices.”
Source: Harman International.