11 September, 2014

BlackBerry Ltd buys Movirtu to woo more corporate customers

BlackBerry has acquired a U.K-based mobile technology start-up whose software allows users to have multiple phone numbers on the same device, the Canadian tech firm said on Thursday.

The purchase of Movirtu helps BlackBerry ramp up its portfolio of services to cater to the needs of its core base of corporate and government clients. Terms of the transaction were not disclosed.

Movirtu's virtual SIM technology allows an individual to have both a personal and business number on a single mobile device, with separate billing for voice, data and messaging usage on each number.

This allows employees to switch between work and personal profiles easily without carrying multiple devices or SIM cards.

Under the leadership of its new chief executive John Chen, the company has moved rapidly to stabilize itself by selling certain assets, partnering to make its manufacturing and supply chain more efficient, and raising cash via the sale of its real estate holdings.

The company has been making small acquisitions in the last few months, as it looks to build out its offerings for so-called enterprise clients made up primarily by large corporations and government agencies that are in many cases still major users of Blackberry devices.

In July, it announced it was buying Secusmart, a privately held German firm that specializes in voice and data encryption, in an attempt to burnish its credentials with security-conscious clients like government agencies ..


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