BlackBerry Ltd (BBRY) Buys Anti-Eavesdropping Technology Provider Secusmart GmbH

BlackBerry Ltd (NASDAQ:BBRY) today revealed that it has bought Secusmart GmbH, a company that manufactures voice encryption chips and whose clients include Germany’s  Chancellor, Angela Merkel. The two companies have worked together in the past where Secusmart GmbH used to license its technology to BlackBerry Ltd (NASDAQ:BBRY).

BlackBerry Ltd (NASDAQ:BBRY)

Jordan Robertson, a Cyber-Security & Privacy Reporter at Bloomberg News, discussed the significance of the deal and the voice encryption technology that Secusmart provides on today’s edition of Bloomberg‘s program ‘Bloomberg West’.

Secusmart is encryption technology and it’s encryption technology that sits on the device itself and in this post Edward Snowden era, security is everything for these companies and its kind of funny that BlackBerry Ltd (NASDAQ:BBRY) is buying this company because BlackBerry Ltd (NASDAQ:BBRY) gained its reputation, became the go to business smartphone maker few years ago on the basis of their reputation for security and they kind of lost that reputation for a while. This is a kind of back to the future moment for them,” Robertson said.

Robertson believes that even though BlackBerry Ltd (NASDAQ:BBRY) had access to Secusmart GmbH’s technology, this deal makes sense for BlackBerry Ltd (NASDAQ:BBRY) as it faces competition in the security smartphone market. He also feels that this deal is an important part of BlackBerry Ltd (NASDAQ:BBRY)’s turnaround strategy.

“This technology is a hardware-based solution. So, you encrypt the data it stays on the device and you can’t access it. One of BlackBerry Ltd (NASDAQ:BBRY)’s biggest innovation in the past were, was its Blackberry server, which was software essentially that encrypted the information. [...] This is a very hardware focused acquisition. It’s an important one, but it is kind of diversion, a little bit from what he [John Chen, CEO, BlackBerry Ltd (NASDAQ:BBRY)] described as a strategy,” Robertson added.

Disclosure: None

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!