Mobile communication company, BlackBerry has acquired a U.K-based mobile technology start-up. Movirtu which offers “virtual identity solutions for mobile operators that allow multiple numbers to be active on a single device.” Terms and conditions of the transaction is still undisclosed.
“In a BYOD and COPE world, there remain a number of efficiency and convenience challenges facing enterprises, employees and mobile operators alike,” said John Chen, Executive Chairman and CEO, BlackBerry. “The acquisition of Movirtu complements our core strategy of providing additional value added services, and it will leverage our key assets, including our BES platform, along with our existing global infrastructure which is connected to a large number of mobile operators around the world.”
Launched in 2008, Movirtu is known for providing virtual SIM-based solution that enables calls over WiFi from non-SIM tablets and laptops and enables smartphones to make and receive calls over WiFi when out of mobile network coverage. In 2010, it had secured USD 5.5 million in Series A round led by TLcom Capital Partners.
Movirtu’s technology works on BlackBerry devices, Apple’s iPhone as well as smartphones powered by Google’s Android operating system. The company has headquartered in London, UK with offices in Johannesburg, South Africa.
Apart from this, Blackberry announced its new BlackBerry Z3, Jakarta Edition, at a launch event in Jakarta, Indonesia. Also, in June, it confirmed that Blackberry’s upcoming phone, Passport, is expected to be launched in September.
Furthermore, the company said recently that it is planning to focus on other B2B services as well, rather than investing full-time in its email and messaging capabilities. Moreover, earlier this year, the company reported a USD 4.4 billion loss and a 56 percent drop in its revenue but promised that it still holds plenty of cash to introduce innovation in its products and take the company towards a better future.
Sometime later in the year, BlackBerry also plans to launch the non-touchscreen BlackBerry Classic, with the command keys that include ‘Menu,’ ‘Back,’ ‘Send’ and ‘End’ buttons and a trackpad.
The full Press Release can be seen here.Category Business Investments Mobile