Ron Burgundy Posted July 29, 2014 Share Posted July 29, 2014 By Euan Rocha NEW YORK (Reuters) - BlackBerry Ltd is buying a privately held German firm that specializes in voice and data encryption, it said on Tuesday, in a bid to burnish its credentials with highly security-conscious clients like government ‎agencies. The acquisition is the latest by the smartphone pioneer to build on niche areas in an attempt to reinvent itself under new Chief Executive John Chen and recover ground ceded to Apple Inc's iPhone and Samsung Electronics Co's Galaxy devices. "It is a really reassuring sign that BlackBerry is now less focused on firefighting and more focused on identifying and building for the long-term into enterprise services," said CCS Insight analyst Geoff Blaber. Still, BlackBerry shares fell 4 percent to $9.54 on Nasdaq and C$10.45 on the Toronto Stock Exchange. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.