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 USD 16.5 billion a year globally.
The acquisition will bring a team of about 40 cyber security professionals, who have helped test network vulnerabilities for both government agencies and large corporate entities, into the BlackBerry fold.
BlackBerry said the new consulting services and tools, along with its existing security offerings, will help its clients to identify the latest cyber security threats, develop mitigation strategies, and implement the necessary IT security standards to defend against cyber-attacks.
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