July 20, 2024
Veritas Makes Provide to Buy Blackberry
Veritas Makes Provide to Buy Blackberry

Non-public fairness agency Veritas has made a proposal to buy Blackberry in its entirety, in what may very well be a significant flip of occasions for the decades-old firm.

Blackberry rose to part because of its iconic smartphones, which have been well-known for his or her excellent keyboards and safety. Sadly, the corporate was caught flatfooted by the Apple iPhone and subsequent Android telephones, and didn’t adapt rapidly sufficient.

The corporate finally stopped making its smartphones in 2016, though it continued to license the rights to outdoors corporations that needed to maintain the model alive. Blackberry ended that final yr and is as a substitute specializing in its software program improvement enterprise within the cybersecurity and IoT fields.

In accordance with Reuters, the corporate has been looking for a purchaser, and Veritas has made a proposal for the whole firm. The non-public fairness agency has a observe file of buying and investing in corporations within the authorities house, making Blackberry an excellent match with its concentrate on cybersecurity.