BlackBerry said on Wednesday that it has acquired uk–primarily based cyber-safety consultancy Encription,moving the agency deeper into the offerings business because it continues to morph into a extrasoftware–centered entity amid its ongoing turnaround.
The cellphone enterprise pioneer, that’s pivoting to attention greater on safety software and services asthe popularity of its gadgets have waned, stated it sees massive capability in the place, with cyber-protection consulting presently worth an expected $16.5 billion (roughly Rs. 1,13,one hundred fiftycrores) a yr globally.
The terms of the Encription deal, which closed Friday, have been now not disclosed.
the acquisition will carry a team of approximately forty cyber-security professionals, who’ve helped take a look at community vulnerabilities for both government businesses and big company entities, into the BlackBerry fold.
“this is a herbal extension of what we do right now,” stated James Mackey, BlackBerry’s head of corporatedevelopment. “we are very enthusiastic about this new imparting and we suppose it’s miles noticeablycomplementary and a nice addition to our protection portfolio.”
the acquisition will give BlackBerry the opportunity to also pass–promote some of its very own securitymerchandise, said Mackey.
BlackBerry said the brand new consulting services and gear, along with its current safety services, willassist its clients to perceive the modern day cyber-protection threats, expand mitigation strategies, andput into effect the vital IT protection standards to protect towards cyber-attacks.
the acquisition of Encription is the state-of-the-art in a string of software program and services targetedacquisitions made via BlackBerry inside the remaining 12 months.
In September, the corporation agreed to gather rival security software maker proper generation for $425 million (roughly Rs. 2,914 crores). That deal got here soon after its acquisition of privately-held AtHoc, acompany of comfy, networked disaster communications.
BlackBerry is attempting to enhance revenue from software and offerings to offset the sales declines from its cellphone unit and legacy device access costs.
© Thomson Reuters 2016
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Tags: Android, BlackBerry, Cyber assault, Cyber security, Encription, Mobiles, MWC, MWC 2016
