- BlackBerry (BBRY -0.7%) is acquiring Secusmart, a German developer of mobile encryption and anti-eavesdropping tech. Terms are undisclosed.
- Secusmart already offers a mobile security platform (called SecuSUITE) for BB10. Its solution relies heavily on a secure microSD card with a built-in encryption co-processor and crypto-controller.
- BlackBerry notes the companies have partnered to provide "Secusmart-equipped BlackBerry smartphones to a significant number of German government agencies and almost all German government ministries and leaders, including Chancellor Angela Merkel."
- The purchase comes amid an uproar in Germany over NSA spying activity, one that has even led the country's NSA inquiry chief to suggest using typewriters to avoid eavesdropping. Yesterday, the German government was reported to be interested in buying 20K more BB10 phones for security reasons.
- BlackBerry also sees opportunities to bring Secusmart's offerings to other markets. John Chen has shown an interest in carving out niches for BB10 phones in enterprise/government verticals with special requirements.
at CNBC.com (Nov 18, 2014)