BlackBerry agrees deal with WatchDox

BlackBerry agrees deal with WatchDox

Canadian smartphone manufacturer BlackBerry has announced it is to acquire WatchDox, a file-sync-and-share platform popular among banks, government agencies, and Hollywood studios.

It is the latest move by the company as it looks to step up its efforts to grow its increasing portfolio of mobile security services.

Security platforms have been a key source of growth for BlackBerry in recent times, helping it bounce back from financial difficulties faced on the back of increased competition from other players in the hardware market, including Samsung and Apple.

While the company is still in the business of releasing handsets, as evidenced by its recent release of the Passport, mobile security solutions remains at the heart of its business plans.

Its BES10 system has already won a string of awards due to its perceived superiority in terms of security, while it also recently announced a security partnership with Samsung, acquired Secusmart and invested in NantHealth.

WatchDox looks to be the latest addition to its security armoury.

According to Israel's Geek Tim, Blackberry has agreed to pay $150 million for the company, describing Watchdox as "Dropbox with an extra layer of watchfulness”.

BlackBerry's chief executive officer 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."

He added that the addition of WatchDox meant “we now have capabilities to secure communications end to end from voice, text, messaging, data, and now enterprise file-sync-and-share”.