BlackBerry Ltd (NASDAQ:BBRY) is eyeing a makeover, by enhancing its security segment. The company on Tuesday chose to acquire WatchDox – a privately held technology company based in the US. The latter makes a myriad of software used to secure files. This move proves BBRY’s intent to bolster its inept security credentials. However, none of the entities have come up with a disclosure of the terms and conditions associated with this deal.
What Makes WatchDox Popular?
The top notch federal agencies across the world use WatchDox software. Besides, a plethora of major Hollywood studios, private equity firms, etc. and provide the clientele with holistic visibility and duly control over the processes involved to copy, edit, forward or print various files. Moreover, administrators can easily lock or remove ascertained access to files that lead to data breach.
What John Chen Has To Say?
John Chen, the CEO at BBRY is sticking to a particular strategy. It is focused towards substantial software revenue generation in the ongoing fiscal. In the process, the company has acquired quite a few companies that would lead to better value addition in services.
The Waterloo-based BBRY has come up with a few strategic acquisitions in 2014-15 that helped the company brag its newly added value added services. In July, it bought Secusmart – a German entity, privately held and associated with data and voice encryption.
This entity made its presence felt and has the German government as one of its clients. Sometime in September, BlackBerry Ltd (NASDAQ:BBRY) bought tech startup company Movirtu. Based in Britain, the company allows customers to use two telephone numbers, using only one SIM card, on a particular phone.
BBRY has ramped up profits and benefitted majorly from the range of services offered to clients including government agencies and corporations. The company is focused on bracing its security aspects further and set an exemplary example for the industry and its customers.