The Latest in IT Security

Germany to examine BlackBerry’s planned Secusmart buy

31
Jul
2014

Germany will examine BlackBerrys planned acquisition of Secusmart, whose encryption technology protects the devices of government officials including Angela Merkel. BlackBerry, which is trying to reinvent itself under new Chief Executive John Chen, wants to buy the privately held German firm to burnish its credentials with highly security-conscious clients like government agencies. German Chancellor Merkel, whose mobile phone was eavesdropped on by the U.S. National Security Agency, has a BlackBerry mobile device with Secusmart encryption, as do many other members of the government administration. Shares in BlackBerry, which fell as much as 4.5 percent on Tuesdays news of the planned acquisition, traded up 1.6 percent at $9.67 on the Nasdaq and up 2 percent on the Toronto Stock Exchange at C$10.54 by 1946 GMT.

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