BlackBerry Finalizes Secusmart Acquisition

Posted by at 12:03 pm on December 19, 2014

BlackBerry today said it has closed its acquisition of Secusmart, a security company based in Germany. Secusmart specializes in voice and data encryption.

BlackBerry plans to use Secusmart’s technology to further shore up its own enterprise and government offerings. Terms of the acquisition were not disclosed. BlackBerry also reported its third-quarter earnings today. Revenue declined from $1.19 billion in the year-ago period to $739 million in the period ending Nov. 29. Excluding one-time charges, the company posted a small profit and generated positive cash cash flow.

Earlier this week the company launched a new phone, the BlackBerry Classic. BlackBerry believes the phone will appeal to its core business customers thanks to its physical QWERTY keyboard.

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