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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!