National Post (Latest Edition) - - FINANCIAL POST -

Black­Berry Ltd. is buy­ing U. K.- based En­crip­tion, a 40-em­ployee cy­ber­se­cu­rity con­sult­ing firm, and is merg­ing it with its own team of “white-hat hack­ers” to form a group that will help clients test the se­cu­rity of their prod­ucts and com­puter sys­tems, said James Mackey, Black­Berry’s head of cor­po­rate de­vel­op­ment. He de­clined to say how much Black­Berry paid for En­crip­tion. Black­Berry is work­ing to re- make it­self into a top seller of se­cu­rity-fo­cused soft­ware for busi­nesses and gov­ern­ments. The ac­qui­si­tion adds the po­ten­tial for a new rev­enue source as CEO John Chen works to shift the com­pany away from its re­liance on smart­phone sales, which fell more than 40 per cent to US$214 mil­lion in the com­pany’s most re­cent quar­ter, com­pared with the same pe­riod the year ear­lier.

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