RIM acquires video editing startup JayCut

Research In Motion (NASDAQ:RIMM) announced it acquired video editing company JayCut. Financial terms of the deal were not disclosed.

JayCut, a seven-employee company based in Sweden, offers a free video editing platform and also licenses its software to several companies. RIM plans to add JayCut's services to its BlackBerry PlayBook.

"By working with JayCut to add video editing capabilities to the BlackBerry platform we can further enrich our customers' multimedia experience with BlackBerry," said RIM's CTO, David Yach.

The news comes as many tablet makers work to piggyback on the success of Apple's (NASDAQ:AAPL) iPad. RIM said it shipped half a million PlayBooks in its most recent quarter.

Last week, Nerdberry.com reported that RIM was developing an OTT set-top box, similar to the Apple TV, for release later this fall. The product reportedly will be able to integrate with the PlayBook and stream Netflix.

For more:
- read the JayCut post
- read the RIM blog post

Related articles:
RIM execs respond to criticism of BlackBerry strategy at shareholder meeting
RIM adds 1M EMEA BlackBerry subs, faces pressure on management plans
AT&T approves BlackBerry Bridge tethering software for RIM's PlayBook