Research In Motion Limited (NASDAQ:RIMM) has acquired the scheduling application company Tungle. The entire team will be joining Tungle after the acquisition. Tungle has a team of 23 people based in Montreal, Quebec with an R&D office in Waterloo, Ontario. They were provided venture capital funding from Commonwealth Capital Ventures, JLA Ventures, and Desjardins Venture Capital. About 40% of the Fortune 1000 companies use Tungle. [Tungle Blog]

Publisher ad network NetShelter is an advertising network that powers ads for websites such as MacRumors.com, SlashGear.com, CrackBerry.com, etc. has raised $15 million in a second round of funding. NetShelter’s network saw about 133 million unique visitors this August.

I Love Rewards is an online employee rewards and recognition website that offers sales incentives.  Some of their clients include Marriott, Bell, ConAgra, and Microsoft.  The company has announced $1.6 million in extended Series B funding from Ontario Venture Capital Fund.

The $1.8 million is an addition to the earlier Series B round in May by GrandBanks Capital, JLA Ventures, and Laurence Capital.  The total Series B round of funding was $7.7 million including the extended round.  Between the Series A and Series B rounds, I Love Reward has raised $13.6 million.

I Love Rewards has grown about 187% in gross billings and a 253% growht in their customer base.

[via TopNews.us]