Making its mark on an era with its keyboard phones blackberryannounced that it was making operational changes. Accordingly, the BlackBerry brand; will be split into two independent companies focused on cybersecurity and the Internet of Things (IoT).
BlackBerry splits into two companies for cybersecurity and IoT
The company, which has transformed from a smartphone manufacturer into a software company over the years, seems to be more focused on this move. He explained that he is splitting into two companies focused on cybersecurity and IoT, so that each operation appeals to their own markets.
The decision, first made earlier this year, was carried out by BlackBerry’s board of directors and advisors. He stated that splitting the portfolio can help increase shareholder value and profitability.
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As part of the separation, BlackBerry will be announced in the first half of next year. IPO for IoT unit plans to carry out. This division of the company develops critically important security software in key markets such as the automotive industry.
Cyber security operations will continue to operate under the BlackBerry name. This section; It will provide support to businesses, governments and organizations regarding data leaks. Additionally, customers will be provided with data security tools.
BlackBerry CEO John Chen said the split would provide both companies with “greater operational agility and innovative solutions to their customers.” Let us note that BlackBerry shares rose by 4 percent after the announcement.
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