Shareholders reacted positively after today's new events on Research In Motion Limited (NASDAQ: BBRY) lifting the stock to $9.55, up $0.04 from the previous session's close. Blackberry Limited, a world leader in fluid communications, has entered into an agreement to acquire 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 internationally.
The transaction is subject to the satisfaction of positive usual conditions, including the receipt of regulative approvals.
"We are always improving our security solutions to keep up with the growing complexity of enterprise mobility, with devices being used for more critical tasks and to store more critical information, and security attacks becoming more sophisticated," said John Chen, Executive Chairman and CEO, BlackBerry. "The acquisition of Secusmart underscores our focus on addressing growing security costs and threats ranging from individual privacy to national security. This acquisition bolsters our security solutions with leading voice and data encryption and anti eavesdropping technologies, and furthers BlackBerry's security leadership in end to end mobile solutions."
BlackBerry and Secusmart have antecedently partnered to offer Secusmart's original technology to customers that have the virtually demanding security needs. The stock is up 9.7% in the past year. In fact, terminal year, the SecuSUITE for Blackberry 10 solution was selected by Germany's Northern Office for Information Security for classified communications for the country's graduate public officials. Through this collaboration, the two companies have provided Secusmart armored Blackberry smartphones to a meaning number of German government agencies and near each German government ministries and leaders, including Chancellor Angela Merkel.
"This transaction is a fantastic opportunity to accelerate growth in the market for high end secure communications solutions, driven by the need to combat electronic eavesdropping and data theft," said Dr. Hans Christoph Quelle, Managing Director of Secusmart. "Secusmart and BlackBerry's solution already meets the highest security requirements of the German federal authorities and NATO for restricted communications. We see significant opportunities to introduce Secusmart's solutions to more of BlackBerry's government and enterprise customers around the world."
BlackBerry's acquisition of Secusmart is the current demonstration of the company's commitment to being the first name in enterprise racy security. This commitment is why Blackberry customers include each G7 governments, 16 of the G20 governments, 10 forbidden of 10 of the big spheric enterprises in all of the pharmaceutical, sanctioned and moving industries, and the five orotund oil and gas companies. Blackberry has much security certifications than whatever opposite vendor and is the solely mobility solution to receive "Full Operational Capability" approval to run on U.S. Department of Defense networks. The S&P 500 futures were higher in overnight trading which shows overall bullishness in the market. The stock saw unusually high volume today with over 24 million shares traded so far this trading session versus the regular 15M or so shares traded on an average day.