BlackBerry to Split IoT and Cybersecurity Businesses into Independent Entities

Canadian Tech Icon BlackBerry Pursues Strategic Separation for IoT and Cybersecurity Operations

A press release from BlackBerry clarifies the objective of this separation: “The chief goal of the split is to pursue an initial public offering (IPO) for the IoT business, recognized as the market leader for high-performance, safety-critical foundational software in sectors like automotive and other verticals. The IPO launch is targeted for the first half of the upcoming fiscal year.”