Technology player BlackBerry scrapped previously announced plans to IPO its IoT business after spinning it off from the cybersecurity side of the company, as it raised the prospect of alternative strategic moves.
The company still plans to separate the two sides of its business, with both set to operate as standalone divisions.
Related Articles
In October, BlackBerry claimed the chief reason for the split was to enable an IPO of the IoT side, with the proposal following a wide-scale strategic review.
However, today (11 December) its chair Dick Lynch revealed the board had decided the separation alone would “open up a number of strategic alternatives that can unlock shareholder value”, following input from advisers.
Alongside announcing plans to scrap the prospect of an IPO, the company revealed the president of its cybersecurity business John Giamatteo had been appointed as BlackBerry CEO, replacing interim Richard Lynch. The change at the helm is effective immediately.
Lynch took over from long-term chief John Chen following his retirement last month.
The post BlackBerry backtracks on IoT unit IPO plan appeared first on Mobile World Live.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip