BlackBerry is bulking up its security assets with the acquisition of anti-eavesdropping firm Secusmart, which developed technology to protect the smartphones of German government officials, including Chancellor Angela Merkel.
Once hailed as Canada’s business success stories, two major companies are now on the verge of seeing their brands disappear, according to a U.S. website. Lululemon and BlackBerry have made 24/7 Wall St.’s list of '10 brands that will disappear in 2015.'
BlackBerry delivered a surprise to investors with a US$23-million profit for the first quarter of its 2015 financial year compared with a loss a year ago, though John Chen said it doesn't mean BlackBerry's survival is entirely certain yet.
Touted as one of the most secure ways to communicate, BlackBerry smartphones have been put in the spotlight after several police investigations said they were able to track criminals who used the device's encrypted technology.
BlackBerry has struck a three-year mobile payment agreement with EnStream, a joint venture between Canada's three biggest telecom companies, Bell (TSX:BCE), Rogers Communications (TSX:RCI.B) and Telus (TSX:T).