Today at the BlackBerry Security Summit in New York, BlackBerry announced the acquisition of a security company based in Germany called Secusmart. Above we can see Secusmart CEO Hans-Cristoph Quelle talking about the deal. Secusmart works on mobility security solutions for governments, wireless providers, and enterprise, which is right up BlackBerry's wheel house. Secusmart's solution is good enough for German Chancellor Angela Merkel to encrypt her device against the NSA apparently, so it seems like a great purchase for BlackBerry.
What do you guys think? Is now a smart time for BlackBerry to investing in new talent?
BlackBerry Reinforces Mobile Security Leadership with Acquisition of Secusmart
Waterloo, ON – BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a world leader in mobile communications, has entered into an agreement to acquire Secusmart GmbH, a leader in high-security voice and data encryption and anti-eavesdropping solutions for government organizations, enterprises and telecommunications service providers in Germany and internationally.
The transaction is subject to the satisfaction of certain customary conditions, including the receipt of regulatory approvals.
"We are always improving our security solutions to keep up with the growing complexity of enterprise mobility, with devices being used for more critical tasks and to store more critical information, and security attacks becoming more sophisticated," said John Chen, Executive Chairman and CEO, BlackBerry. "The acquisition of Secusmart underscores our focus on addressing growing security costs and threats ranging from individual privacy to national security. This acquisition bolsters our security solutions with leading voice and data encryption and anti-eavesdropping technologies, and furthers BlackBerry's security leadership in end-to-end mobile solutions."
BlackBerry and Secusmart have previously partnered to offer Secusmart's innovative technology to customers that have the most demanding security needs. In fact, last year, the SecuSUITE for BlackBerry® 10 solution was selected by Germany's Federal Office for Information Security for classified communications for the country's highest public officials. Through this collaboration, the two companies have provided Secusmart-equipped BlackBerry smartphones to a significant number of German government agencies and almost all German government ministries and leaders, including Chancellor Angela Merkel.
"This transaction is a fantastic opportunity to accelerate growth in the market for high-end secure communications solutions, driven by the need to combat electronic eavesdropping and data theft," said Dr. Hans-Christoph Quelle, Managing Director of Secusmart. "Secusmart and BlackBerry's solution already meets the highest security requirements of the German federal authorities and NATO for restricted communications. We see significant opportunities to introduce Secusmart's solutions to more of BlackBerry's government and enterprise customers around the world."
BlackBerry's acquisition of Secusmart is the latest demonstration of the company's commitment to being the first name in enterprise mobile security. This commitment is why BlackBerry customers include all G7 governments, 16 of the G20 governments, 10 out of 10 of the largest global enterprises in each of the pharmaceutical, legal and automotive industries, and the five largest oil and gas companies. BlackBerry has more security certifications than any other vendor and is the only mobility solution to receive "Full Operational Capability" (FOC) approval to run on U.S. Department of Defense networks.