BlackBerry has announced it has struck a deal to acquire data security company Watchdox. Financial terms of the deal were not disclosed but some reports put the value of the acquisition between $100m and $150m.
Watchdox customers include 150 of the Fortune 1000, six of the top 12 private equity firms and most of the six major Hollywood studios, according to the company’s website. The company was also shortlisted for the V3 2014 Technology Awards.
The addition of Watchdox will help BlackBerry bolster its mobile security portfolio, with the company’s tools able to secure files on both mobile and desktop machines and as they move between devices.
BlackBerry CEO John Chen said the move showed the company’s commitment to enhancing security and meeting the needs of businesses.
“BlackBerry is constantly expanding the potential of data security so that it enables more collaboration and sharing rather than creating limitations," he said.
"This acquisition represents another key step forward as we transition BlackBerry into the premier platform for secure mobile communications software and applications, supporting all devices and operating systems.”
The deal also gives BlackBerry access to Watchdox’s research and development facilities in Petah Tikva, Israel, which will become the new headquarters for BlackBerry’s own security-focused R&D centre.
WatchDox CEO and founder Moti Rafalin said that with mobile security becoming ever more important for businesses it was the perfect time for the company to join forces with BlackBerry to reach more customers than ever before.
"Enterprises require secure mobile solutions that enable users to more easily collaborate and increase their productivity. WatchDox meets this need by uniting data-centric security with a user-friendly experience that is highly valued by our customers," he said.
“The combination of BlackBerry's security leadership and EMM portfolio with WatchDox technology will bring the most productive and collaborative mobility solution to organisations that need innovative ways to conduct business securely and efficiently."
The deal is the latest in a recent flurry of moves in the security market, with Singtel buying Trustwave for $810m and Raytheon making a sizeable $1.7bn move for Websense.
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