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View Full Version : BlackBerry buys cyber security consultancy; moves deeper into services



Wireless News
02-24-2016, 06:20 AM
http://l3.yimg.com/bt/api/res/1.2/n4vyRsoEiM3T7ACjODDoEg--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en_us/News/Reuters/2016-02-24T100555Z_1_LYNXNPEC1N0HP_RTROPTP_2_BLACKBERRY-RESULTS.JPG (http://news.yahoo.com/blackberry-buys-cyber-security-consultancy-moves-deeper-services-100555289--sector.html)By Harro Ten Wolde and Euan Rocha BARCELONA/TORONTO (Reuters) - BlackBerry said on Wednesday that it has acquired U.K.-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 Friday, were not disclosed.



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