BlackBerry Reinforces Mobile Security Leadership with Acquisition of Secusmart

WATERLOO, ONTARIO--(Marketwired - July 29, 2014) - BlackBerry Limited (NASDAQ:BBRY)(TSX:BB), a world leader in mobile communications, has entered into an agreement to acquire Secusmart GmbH, a leader in high-security voice and data encryption and anti-eavesdropping solutions for government organizations, enterprises and telecommunications service providers in Germany and internationally.

The transaction is subject to the satisfaction of certain customary conditions, including the receipt of regulatory approvals.

"We are always improving our security solutions to keep up with the growing complexity of enterprise mobility, with devices being used for more critical tasks and to store more critical information, and security attacks becoming more sophisticated," said John Chen, Executive Chairman and CEO, BlackBerry. "The acquisition of Secusmart underscores our focus on addressing growing security costs and threats ranging from individual privacy to national security. This acquisition bolsters our security solutions with leading voice and data encryption and anti-eavesdropping technologies, and furthers BlackBerry's security leadership in end-to-end mobile solutions."

BlackBerry and Secusmart have previously partnered to offer Secusmart's innovative technology to customers that have the most demanding security needs. In fact, last year, the SecuSUITE for BlackBerry® 10 solution was selected by Germany's Federal Office for Information Security for classified communications for the country's highest public officials. Through this collaboration, the two companies have provided Secusmart-equipped BlackBerry smartphones to a significant number of German government agencies and almost all German government ministries and leaders, including Chancellor Angela Merkel.

"This transaction is a fantastic opportunity to accelerate growth in the market for high-end secure communications solutions, driven by the need to combat electronic eavesdropping and data theft," said Dr. Hans-Christoph Quelle, Managing Director of Secusmart. "Secusmart and BlackBerry's solution already meets the highest security requirements of the German federal authorities and NATO for restricted communications. We see significant opportunities to introduce Secusmart's solutions to more of BlackBerry's government and enterprise customers around the world."