Harman has announced that the sale of its software operating systems unit, QNX Software Systems, closed on June 2, 2010. Harman has sold the business to Research In Motion Limited (RIM) of Waterloo, Ontario, Canada, for US$200M.
“We are very pleased to have found an excellent company that will take QNX to its next level of growth,” said Dinesh C. Paliwal, chairman, president, and chief executive officer at Harman.
“This move allows Harman to continue its relationship with QNX and the advanced software solutions it provides to Harman and our customers. At the same time, this deal achieves value for all stakeholders and is an important step in a new strengthened relationship with RIM.”