BlackBerry Ltd (NASDAQ:BBRY), (TSE:BB) is making great strides in its pivot to software as it remains a leader in the mobile security space. News has it that BlackBerry has joined the National Cyber Security Alliance (NCSA), which is a non-profit public-private body that concerns itself with a mission to promote online safety and security.
The firm says, “we’re reinforcing our commitment to keep data secure and information private by announcing that we’ve joined the (NCSA) in the United States”. The NCSA includes players from financial services, media and the tech sector.
he U.S. Department of Homeland Security is also a key player in the NCSA. The firm says its, ” have been doing mobile security longer and better than anyone else, and we’re at the forefront of making sure that data remains secure as new threats”.
CEO John Chen looks at BlackBerry change
John Chen was asked about the Blackberry change to software as it related to its consumer business. He said that the firm is trying to bridge the gap between the enterprise and broader users. He believes that the firm is doing what it knows how to do in keeping mobile secure and private.
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He echoed past statements about the Blackberry’s love for hardware when he said it is still very much in the hardware space. In his words, “we are taking steps to make our handset business profitable.”
On Security: when the CEO was asked about the firm’s position in making mobile secure, he said that the firm is a leader in the space. He said that the firm has invested more than $100M in building its security segment over the last year. Some of the firm’s deal include WatchDox, Movirtu and Secusmart and AtHoc.
It seems that the moves in the security space is making sense as the firm records a number of high profile clients. In his words, “all of the G7 and 16 of the G20 governments trust us with their mobile communications. Our security platform is proven but we are continuing to innovate to keep data secure and information private.”
When he was asked about the next phase of the firm’s turn around plan, the CEO was hopeful about where the firm is going. The firm now has positive cash flow, it has stable revenue and it is now working towards building growth.
John Chen believes that the BlackBerry (NASDAQ:BBRY), (TSE:BB) software pivot is the key to achieving growth. In his words, “Software and technology licensing is key to this effort, and we are making great progress in these areas.”