BlackBerry to split in two, plans IPO for Internet of Things business

) said on Wednesday it would separate its Internet of Things and cybersecurity business units and target a subsidiary initial public offering for the IoT business next fiscal year.

"Both the IoT and Cyber businesses ... address large and growing market opportunities. This new proposed structure will further increase both their operational agility and ability to focus on delivering exceptional solutions," said BlackBerry CEO John Chen. Last year, it pulled the plug on its smartphones business and has since been trying to sell its legacy patents related to its mobile devices.The company went public in 1997 and soon became popular for its ubiquitous business smartphones, which were toted by executives, politicians and legions of fans in the early 2000s.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Live news: BlackBerry planning IPO for Internet of Things businessThe latest business news as it happens
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

BlackBerry to separate cybersecurity and Internet of Things business units - BNN BloombergBlackBerry Ltd. says it will carve its cybersecurity and Internet of Things business units into two independently operated entities.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

BlackBerry to separate cybersecurity and Internet of Things business unitsWATERLOO, ONT. — BlackBerry Ltd. says it will carve its cybersecurity and Internet of Things business units into two independently operated entities. The Waterloo, Ont.
La source: SooToday - 🏆 8. / 85 Lire la suite »

BlackBerry to split into two public companies in attempt to revive shareholder interestPlans to spin its connected-car software business into a separate public company
La source: globebusiness - 🏆 31. / 66 Lire la suite »