What’s Jim Balsillie Doing Now? Getting $5 Million in Funding for Igloo Software

Jim Balsillie, RIM’s ex co chair/co-CEO is now working with his new employer Igloo Software. Jim just received $5 Million in funding from Ontario Emerging Technologies Fund. Igloo is supposed to be a corporate social media startup. There are al lot of companies that have contributed to the start up funding to get Igloo off of the ground.

Dan Latendre, Igloo’s chief executive, made quite a few bold statements about the growth the company has seen this year.  They have seen an 80% growth in license revenue as well as a 144% increase in monthly recurring revenue.

Looks to me like Jim’s new company is off to a fabulous start.