BlackBerry is strengthening itself on cybersecurity and software. The Canadian group announces that it has acquired WatchDox, a Californian online storage service similar to those marketed by Box and Dropbox. Officially, the amount of the transaction is not disclosed, but the press evokes an expenditure of approximately $ 150 million.
WatchDox is marketed in Saas and allows you to send files between fixed and mobile terminals within a company, in a secure manner. Employees can track these files, check who has accessed them, and even delete the file from a terminal as needed.
Benefit from the research center in Israel
BlackBerry had already bought SecuSmart at the end of July 2014 and Movirtu last September. The first company is German and publishes an encryption tool for communications and data on mobile terminals. The second is British, and markets virtual SIM cards that allow the use of several numbers on the same phone.
For the American company, the objective of these successive acquisitions is to be able to offer more and more services to companies in the field of online security. More specifically, the acquisition of WatchDox will allow it to benefit from the Israeli research center of the company already specializing in these questions.
In North America, the cybersecurity industry is booming. According to the Financial Times which quotes the research firm PrivCo, American venture capital funds invested around $ 1.2 billion in the first quarter of 2015, i.e. 122% more than over the same period in 2014.