Research In Motion Buys User Interface Company The Astonishing Tribe (TAT)

Posted Dec 2, 2010

Research In Motion Limited (NASDAQ:RIMM) is acquiring The Astonishing Tribe (TAT), a company that is known for designing user interface concepts that never really go mainstream. While Research In Motion has a solid customer base, they lack an engaging user interface that works well with apps. Sweden based TAT was founded in 2002 and has 150 employees. They mainly work with mobile OEMs, automotive companies, and Internet supplier companies. TAT is a private company with no VC funding and has been profitable since they started. They have about an average growth rate of 40% year-over-year. [BGR]