BlackBerry Buys UK’s Encription Ltd To Kickstart Its New Cybersecurity Consultancy
BlackBerry isn’t the smartphone powerhouse it was, nevertheless it’s been making a concerted effort to carry on to its place as a go-to put for enterprise clients, particularly in extremely safe environments. As a part of that technique, as we speak the corporate introduced that it has acquired Encription Ltd, a cybersecurity consultancy that delivers providers globally however operates “from a safe location in Worcestershire” within the UK. BlackBerry says might be utilizing the acquisition to assist it kickstart a brand new consulting enterprise, Skilled Cybersecurity Providers.
Phrases of the deal, which BlackBerry says was accomplished February 19, weren’t disclosed. It doesn’t seem that Encription ever raised enterprise funding.
BlackBerry is launching Skilled Cybersecurity Providers, it appears, for 2 main causes.
The primary is that BlackBerry continues to be very a lot used in segments like the federal government and different safe organizations like monetary providers, healthcare and the oil business. And whereas the smartphone maker has misplaced out to Android makers like Samsung’s Knox, and Apple’s iPhone amongst many enterprise clients, the federal government and organizations with excessive regulatory compliance are a part of a class the place BlackBerry stays comparatively robust.
BlackBerry says it has some 70 authorities certifications and approvals, the most important quantity of some other cellular vendor, with contracts with all G7 governments, sixteen of the G20 governments, 10 out of 10 of the most important international banks and regulation companies, and the highest 5 largest managed healthcare, funding providers, and oil and fuel corporations.
And it’s no coincidence that that is additionally a phase the place Encription additionally has many purchasers.
“BlackBerry is the gold commonplace in terms of safety and we’re all the time evolving to take care of this excessive normal because the complexity of enterprise mobility and safety will increase,” stated John Chen, Government Chairman and CEO, BlackBerry, in a press release saying the acquisition and new consultancy apply. “We acknowledge that safety vulnerabilities are a prime danger concern for private and non-private sector organizations alike. The creation of our Skilled Cybersecurity Providers apply and acquisition of Encription reinforces our dedication to offering clients the business’s most safe mobility options and serving to them to evaluate and mitigate dangers.”
The opposite purpose why BlackBerry is specializing in consulting is that this can be a big enterprise space, and BlackBerry actually wants extra of those.
Whereas knowledge safety breaches can value greater than $four hundred billion to companies, people and organizations yearly, that additionally represents a chance to corporations which are making an attempt to cease these threats.
BlackBerry notes that cybersecurity consulting “is presently estimated to be a $sixteen.5 billion annual international enterprise that’s forecast to develop to $23 billion every year by 2019…Cybersecurity consulting represents a pure market alternative for BlackBerry because it already securely manages tons of of hundreds of thousands of cellular endpoints and offers crucial methods software program for greater than 60 million related automobiles.”
It’s going to imply that BlackBerry will even be going face to face with quite a lot of very established companies like Accenture and Cap Gemini within the consultancy area — which up to now had probably additionally been a companion for the corporate.
BlackBerry says it should cowl a number of areas in its new consultancy apply:
Strategic Safety: greatest practices in IT operation ranging throughout enterprise mobility administration and cloud providers.
Technical Safety: technical help for infrastructure and product improvement lifecycle.
Automotive and IoT Safety: safety consulting providers because the speedy commercialization of IoT options makes safety and privateness a prime precedence.
Detection, Testing and Evaluation: menace detection and mitigation penetration testing, vulnerability evaluation and incident response evaluation. This consists of forensic providers, enterprise safety standing by way of IT well being checks, coaching, regulatory compliance and safety breach administration via incident response.
BlackBerry has made 29 acquisitions up to now, together with a number of within the safety area corresponding to Watchdox in 2015 for as much as $one hundred fifty million, Secusmart for voice encryption, and Good Know-how (which covers safety as a part of its cellular gadget administration providers). Encription is the primary that focuses much less on tech and extra on a providers workforce that helps implement and handle bigger options.