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BlackBerry Ltd
Symbol BB
Shares Issued 528,378,746
Close 2014-12-18 C$ 11.67
Market Cap C$ 6,166,179,966
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BlackBerry closes acquisition of Secusmart

2014-12-19 07:44 ET - News Release

Mr. John Chen reports

BLACKBERRY COMPLETES ACQUISITION OF SECUSMART

Following regulatory approval BlackBerry Ltd. has completed its acquisition of 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 around the world. Terms of this transaction were not disclosed.

With this acquisition, BlackBerry strengthened its leadership in secure enterprise mobility with Secusmart's encryption and anti-eavesdropping capabilities. Secusmart's technology will bolster BlackBerry's end-to-end offerings that provide the highest level of security from the device to the management platform.

"The acquisition of Secusmart underscores BlackBerry's long-standing commitment to being the best in enterprise mobile security. BlackBerry is the only vendor to offer secure and encrypted voice, text and messaging, setting us further apart from others in the industry," said John Chen, executive chairman and chief executive officer, BlackBerry. "With the benefit of Secusmart's talented team at BlackBerry, we look forward to building on our leadership position in mobile security at a time when cybersecurity breaches and data theft pose ever-growing costs and threats to governments, companies and consumers."

"We're thrilled with the acquisition as we see significant opportunities to accelerate innovation for high-end secure communications solutions," said Dr. Hans-Christoph Quelle, managing director of Secusmart. "Having successfully partnered since 2009 to provide Secusmart's voice and data encryption capabilities to BlackBerry's gold standard security portfolio, we look forward to introducing Secusmart's solutions to more of BlackBerry's government and enterprise customers around the world."

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.

BlackBerry's acquisition of Secusmart is the latest demonstration of the company's commitment to remaining the leading provider in enterprise mobile security. BlackBerry is the only mobile device management (MDM) vendor that has achieved the full operational capability level of certification for operation on U.S. Department of Defense Networks. Furthermore, BlackBerry 10 smart phones were the first to be approved by NATO for classified communications up to restricted level.

We seek Safe Harbor.

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