BlackBerry Acquiring AtHoc to Enable Secure Mass Communication and Collaboration
BlackBerry and AtHoc to connect communities, devices and organizations for real time communication
WATERLOO, ONTARIO--(July 22, 2015) - BlackBerry Limited (NASDAQ:BBRY)(TSX:BB), a global leader in secure mobile communications, today announced that it has entered into a definitive agreement to acquire AtHoc. Terms of the transaction were not disclosed.
AtHoc is a leading provider of secure, networked crisis communications. Its software platform enables people, devices and organizations to exchange critical information in real time during business continuity and life safety operations. The AtHoc platform will integrate with BlackBerry's enterprise portfolio and trusted global network to offer customers new capabilities for safety, security and mission-critical business communication. The acquisition will enable AtHoc to expand globally and increase scale, as well as deliver new applications on a secure platform for mass communication. For example, new applications may include integrating AtHoc solutions with BBM Meetings during an alert to enable live video feeds or transmit messages to provide real-time collaboration by leaders and decision makers.
AtHoc's networked crisis communications platform alerts any device - including iOS, Android, PC and Mac desktops, digital displays, radios, IP phones, and endpoints such as sirens, fire panels and speakers - helping organizations and people to connect and share information in times of crisis. The leading provider to the U.S. Departments of Defense (DoD) and Homeland Security, AtHoc also supports public and private enterprises across the world, including healthcare providers and industrial facilities.
"BlackBerry is making strategic investments in security, privacy and the Internet of Things, and acquiring AtHoc will enable us to provide a holistic, end-to-end approach to communications," said John Chen, BlackBerry Executive Chairman and CEO. "We have a proud history of securing mission-critical communications for the public sector as well as enterprises operating in the most highly regulated industries. AtHoc's technology and expertise will play a key role as BlackBerry works to connect and secure a broad range of endpoints."
"AtHoc and BlackBerry share a common vision of a securely connected world," said Guy Miasnik, President and CEO, AtHoc. "Federal departments, state and local agencies, and commercial enterprises alike depend on AtHoc to communicate reliably during their most critical moments. Becoming part of BlackBerry will give us the ability to scale more quickly to expand our global reach and introduce new applications for the AtHoc platform, while continuing to serve our government and enterprise customers."
AtHoc is recognized as a "Leader" by industry analyst firm Gartner and achieved the highest position for ability to execute on the firm's Magic Quadrant for U.S. Emergency/Mass Notification Services1. BlackBerry has provided the world's most secure mobility solutions for more than two decades, and has earned more than 70 government certifications and approvals, greater than any other mobile vendor. The BlackBerry 10 platform is the only mobility solution to receive the coveted Full Operational Capability (FOC) certification to run on U.S. DoD networks. BlackBerry is the trusted mobility partner of all G7 governments, 16 of the G20 governments, 10 out of 10 of the largest global banks and law firms, and the top five largest managed healthcare, investment services, and oil and gas companies.
The transaction is expected to be completed in BlackBerry's 2016 fiscal third quarter and is subject to customary closing conditions.
1 Gartner Magic Quadrant for U.S. Emergency/Mass Notification Services, 31 March 2014, Gartner
A global leader in secure mobile communications, BlackBerry® revolutionized the mobile industry when it was introduced in 1999. Today, BlackBerry aims to inspire the success of our millions of customers around the world by continuously pushing the boundaries of mobile experiences. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Middle East and Africa, Asia Pacific and Latin America. The Company trades under the ticker symbols "BB" on the Toronto Stock Exchange and "BBRY" on the NASDAQ. For more information, visit www.BlackBerry.com.
AtHoc is the pioneer and recognized leader in networked crisis communication, protecting millions of people and thousands of organizations around the world. AtHoc provides a secure and reliable exchange of critical information among organizations, their people and devices. A trusted partner to the world's most demanding customers, AtHoc is the #1 provider to the U.S. Departments of Defense and Homeland Security, and safeguards numerous other government agencies and leading commercial enterprises. Headquartered in Silicon Valley, the company operates around the globe. Lead investors in AtHoc include Greylock Partners and Intel Capital. For more information about AtHoc, please visit www.athoc.com.
Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used herein, words such as "expect", "anticipate", "estimate", "may", "will", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry Limited in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances. Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of BlackBerry's Annual Information Form, which is included in its Annual Report on Form 40-F (copies of which filings may be obtained at www.sedar.com or www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on BlackBerry's forward-looking statements. BlackBerry has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
BlackBerry and related trademarks, names and logos are the property of BlackBerry Limited and are registered and/or used in the U.S. and countries around the world. All other marks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.
BlackBerry Media Relations
(519) 888-7465 x77273
BlackBerry Investor Relations