The Blackberry Buy
Yes, you are reading that correctly. That is not a typo. It seems that the Waterloo, Ontario based mobile handset maker, Blackberry, has purchased UK based security firm Encription, for an undisclosed amount.
From Reuters:
The acquisition will bring a team of about 40 cyber security professionals, who have helped test network vulnerabilities for both government agencies and large corporate entities, into the BlackBerry fold.
“This is a natural extension of what we do right now,” said James Mackey, BlackBerry’s head of corporate development. “We’re very excited about this new offering and we think it is highly complementary and a nice addition to our security portfolio.”
It didn’t seem all that long ago that the markets were looking to place silver coins on Blackberry’s eyelids.
Why
This is not the first security company that Blackberry has purchased in the last year. They’ve been building up their security play.
In September Blackberry purchased Good Technology for $425 million. This security purchase was not without it’s own issues mind you as was demonstrated by security researcher Chris John Riley at the Sector Security Conference in 2014.
Congrats to the folks at Encription.
(Image used under CC from mxmstryo)
