RIM May Buy Gist

Posted Dec 17, 2010

Research In Motion Limited (NASDAQ:RIMM) is in talks to acquire Gist. The deal is rumored to be nearly complete. Gist is a service that creates a profile for your friends in your business network from public information. Gist is led by CEO and former Microsoft employee T.A. McCann. The company has funding from Paul Allen’s Vulcan Capital.

Gist started in 2008 and raised $6.75 million in Series A funding from Vulcan and The Foundry Group. Gist claims to have created 100 million social business profiles. Gist makes plugins for Outlook, Lotus Notes, and Google Apps. The company has applications for Android and the iPhone.