BlackBerry to Split IoT and Cybersecurity Businesses into Independent Entities
Canadian Tech Icon BlackBerry Pursues Strategic Separation for IoT and Cybersecurity Operations
BlackBerry, the iconic Canadian company known for its history in business smartphones, is embarking on a significant strategic move. The company has announced plans to separate its Internet of Things (IoT) and cybersecurity businesses, making them two distinct and independently operated entities.
This decision comes as BlackBerry aims to align its operations with what it deems as the “optimal strategic direction.” Earlier this year, the company’s board and advisors initiated a “comprehensive review” of BlackBerry’s portfolio to explore opportunities that would enhance shareholder value and bolster company profitability.