Wednesday, December 28, 2016

BlackBerry buys cyber safety consultancy

BlackBerry said on Wednesday that it has obtained U.k.-based totally cyber safety consultancy Encription, transferring the business enterprise deeper into the services enterprise as it keeps to morph into a greater software-focused entity amid its ongoing turnaround.
The smartphone industry pioneer, that's pivoting to focus extra on protection software and offerings as the recognition of its gadgets have waned, stated it sees huge potential in the vicinity, with cyber safety consulting presently well worth an predicted $sixteen.5 billion a yr globally.
The terms of the Encription deal, which closed Friday, were no longer disclosed.
the acquisition will convey a team of approximately forty cyber security experts, who've helped take a look at network vulnerabilities for each authorities businesses and huge corporate entities, into the BlackBerry fold.
"this is a herbal extension of what we do proper now," said James Mackey, BlackBerry's head of company improvement. "we're very excited about this new offering and we think it's miles highly complementary and a pleasing addition to our safety portfolio."
the purchase will provide BlackBerry the opportunity to additionally move-sell some of its very own safety products, stated Mackey.
BlackBerry said the brand new consulting services and gear, along side its present safety services, will help its customers to pick out the modern cyber safety threats, increase mitigation strategies, and put in force the important IT security requirements to guard in opposition to cyber assaults.
the purchase of Encription is the latest in a string of software and services centered acquisitions made by using BlackBerry within the last yr.
In September, the business enterprise agreed to collect rival security software maker suitable generation for $425 million. That deal came quickly after its acquisition of privately-held AtHoc, a issuer of comfy, networked disaster communications.
BlackBerry is trying to enhance sales from software and services to offset the sales declines from its cellphone unit and legacy machine access expenses.

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