BARCELONA/TORONTO: BlackBerry (BB) said on Wednesday that it has acquired UK-based cyber security consultancy Encription, moving the company deeper into the services business as it continues to morph into a more software-focused entity amid its ongoing turnaround. The smartphone industry pioneer, which is pivoting to focus more on security software and services as the popularity of its devices have waned, said it sees massive potential in the area, with cyber security consulting currently worth an estimated $16.5 billion a year globally. The terms of the Encription deal, which closed on Friday, were not disclosed. 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.
BB buys Encription
Published: 08:14 am Feb 25, 2016