BlackBerry Ltd , may soon be selling its secure software to the US government. Sales have just become possible in the wake of approval for the firm’s products from the National Security Agency’s National Information Assurance Partnership after an extensive investigation.
The news means that the firm will be able to bid for contracts put out by the US government. That gives it an attractive new channel in which to sell its products. The firm’s encryption tools are based on tech from Securesmart. That’s a German start-up that the Waterloo, Ontario firm acquired in 2014.
BlackBerry gets security gold star
The NIAP reviewss commercial tech tools to decide whether or not they’re up to standard for state use. BlackBerry has gotten through the test, but so have some of its major rivals. Both Apple Inc. and Samsung Electronics have previously had software approved by the agency.
BlackBerry Ltd , is a much more security focused firm, however, so its accession to the gold star list is much more notable, at least for shareholders. When Apple had its iPad and iPhone approved, most of those holding the stock didn’t care in the slightest.
SecuSUITE, the BlackBerry software that encrypts both phone calls and text messages, is, according to the firm, the first voice encryption tool that is approved by the NIAP and works with iOS. BB plans to immediately begin selling the software in the US.
Alex Thurber, SVP and General Manager of Mobility Solutions, said in a statement, “In today’s connected world, restricting agency employees to only exchange classified information from the desk phone is no longer a viable option, but it could be the new reality if governments don’t start securing calls and texts from mobile devices. Our governments need to be mobile and they need their conversations secure, or more importantly, BlackBerry Secure.
The software works with all carriers and is hosted on site. It’s qualities and features are aimed squarely at clients like the US government. If it can succeed in selling its solution, something it has been bad at in the past, stockholders can begin to feel more secure about the future.
Buy BlackBerry for infosec exposure
It’s impossible to tell which of the firms hunting information security contracts will prosper in the long term. One thing, however, is clear. BlackBerry is well worth betting on as part of a broader portfolio in the area.
It’s not the coolest firm out there, but it’s been working in security for a long time. The internal organization and processes are much more important to security experts than having the latest tech on hand.
BlackBerry Ltd , still faces its share of problems, however. The firm isn’t even fully focused on network security. CEO John Chen, through a series of buyouts, has gotten the firm involved in a large number of software projects.
So far, very few of them are yielding returns. BlackBerry stock has suffered as a result of falling sales and poor growth in key areas of focus. On Wednesday shares closed at $10.14. That’s 50 percent higher than last year’s price. It is, however, only about 5 percent of what stock sold for in the highs of 2007.