US EditionBlackBerry to separate IoT and cybersecurity business units
- BlackBerry plans to separate its Internet of Things and cybersecurity business units, with a targeted subsidiary initial public offering for the IoT business in the next fiscal year. This move aligns with their strategic direction, allowing each entity to focus on delivering exceptional solutions to customers.
- Joining other companies in favor of leaner corporate structures, BlackBerry's portfolio review aims to evaluate opportunities that will drive shareholder value and increase profitability. The company's shift from business smartphones to becoming a leader in cybersecurity highlights their commitment to securing the Internet of Things for businesses, government agencies, and safety-critical institutions.
- While BlackBerry has not yet revealed details about the timeframe or customer impact of the split, the news was met with investor approval, resulting in a rise in shares. Private equity firm Veritas Capital's offer to buy the company earlier this year has also impacted the company's stock.
22 Articles
22 Articles
BlackBerry splits into two companies, focusing on cybersecurity and IoT
BlackBerry has announced plans to draw a line between its IoT and cybersecurity businesses as it looks to make them two independently operated entities.The iconic Canadian company, once famed for its business smartphones, said that the move would be reflective of the company’s “optimal strategic direction.”The firm’s board and its advisors indicated earlier this year that a “comprehensive review” of BlackBerry’s portfolio would be needed to “eva…
BlackBerry to separate cybersecurity and Internet of Things business units
BlackBerry Ltd. says it will carve its cybersecurity and Internet of Things business units into two independently operated entities. The Waterloo, Ont.-based technology company says it plans to pursue a subsidiary public offering for the Internet of Things business. BlackBerry has been evaluating a ...
BlackBerry Plans IPO for Its Internet of Things Business
BlackBerry Ltd., wrapping up a strategic review of its options, plans to hold an initial public offering for the company’s Internet of Things division, separating the business from its main cybersecurity operations.
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