BlackBerry acquired UK mobile technology start-up Movirtu
BlackBerry acquired a U.K-based mobile technology start-up Movirtu.
BlackBerry acquired a U.K-based mobile technology start-up Movirtu on 11 September 2014. Movirtu's software allows users to have multiple phone numbers on the same device.
The acquisition of Movirtu will help BlackBerry in ramping up its portfolio of services to cater to the needs of its corporate and government clients.
The terms of the transaction were not disclosed.
Movirtu's virtual SIM technology allows an individual to have both a personal and business number on a single mobile device. There is a separate billing for voice, data and messaging usage on each number.
This allows employees to switch between work and personal profiles easily without carrying multiple devices or SIM cards.
Movirtu's technology works on BlackBerry devices as well as Apple's iPhone and smartphones powered by Google's Android operating system.
BlackBerry, which dominated the smartphone market in its early years lost its ground to Apple's iPhone and Google's Android operating system. Since then, it has been reshaping itself to build its core strengths in areas like mobile data security and mobile device management.
Under the leadership of its new CEO John Chen, BlackBerry has moved rapidly to stabilize itself by selling certain assets and partnering to make its manufacturing and supply chain more efficient. It managed to raise cash via the sale of its real estate holdings.
In July, it acquired a privately held German firm Secusmart to show its credentials with security-conscious clients like government agencies. Secusmart specializes in voice and data encryption.