BlackBerry is shifting the attention in an area which has huge business growth potential.
BlackBerry has lost its strong position of smartphone powerhouse which it had held for so many years. However, the company has been working efficiently to attract the customers in this highly secure environment. Therefore, BlackBerry has recently unveiled its acquisition of a cyber security consultancy; Encription Ltd. whose services are being delivered worldwide but it operates in the UK “from a secure location in Worchestershire.”
Through the acquisition, the Canadian firm will get the help it needed to commence its consulting business, dubbed as “Professional Cybersecurity Services”. Through the proposed service, it intends to have a platform from where it can work on more general IT. The firm did not disclose the terms of the deal. It informed that the deal was closed on February 19.
There are two pivotal reasons for the organization regarding the startup of Cybersecurity Services. The chief reason is the strong customer lineup of the highly secured organizations belonging to oil industry, financial services, and healthcare. Although the Waterloo Canada firm has not been able to compete with Apple’s iPhone and Samsung’s Knox, it still has the hold of the segment, including high regulatory compliant organizations and the government.
BlackBerry is probably the only mobile phone vendor that has 70 government approvals and certifications. The firm holds the contract with 16 of the G20 governments, all G7 governments, and 10 of the largest law firms and global banks. In addition to the strong portfolio of contracts, it also has contract with top five biggest managed healthcare, oil and gas companies, and investment services.
As of now, contracts only linked to BlackBerry’s own handsets but by working on its services, company can offer such facilities, which expand to other devices as well. This means that the organizations may go for BlackBerry services irrespective of the fact that which handset do they adopt. Moreover, Encription also has a large number of organizations running in secured markets as customers.
A statement given by CEO and Executive Chairman of BlackBerry had the following words: “BlackBerry is the gold standard when it comes to security and we’re always evolving to maintain this high standard as the complexity of enterprise mobility and security increases.”
Another reason for the company to start its proposed services is that the Canadian firm wants to shift the focus on the consultancy, which is a huge business area. It needs to explore such areas to start the businesses.
A fair breach of security can land the individuals, businesses, and organization to bear the cost of more than $400 billion annually. Concerned people look for the opportunities that can help them to circumvent these threats.
Up till now, the mobile phone maker has undergone almost 29 acquisitions. Several acquisitions relate to security space, including Secusmart for voice encryption, Good Technology, and a $150 million worth acquisition of Watchdox in 2015. This acquisition of the UK based firm ‘Encription’ is the first one that will have large focus on service team that offers larger solutions.
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