BlackBerry CEO John Chen's strategy of focusing on the company's enterprise software and services appears to be paying off for the firm.
Looking to further solidify its standing in the market as an enterprise mobile software provider, BlackBerry announced Wednesday its planned acquisition of AtHoc, a provider of secure networked crisis communications.
BlackBerry is cutting more jobs and shifting other workers around to different roles, the Globe and Mail reported Tuesday.
Despite continuing revenue decline, BlackBerry is seeing a resurgence of its software and technology licensing business, according to the latest financials issued Tuesday by the Canadian mobility firm.
Since taking over as chief of the company in 2013, BlackBerry CEO John Chen has steadily moved the firm away from a focus on mobile devices and toward software and services for the enterprises. As part of that effort, BlackBerry is mulling closure of the Swedish facility that developed its BlackBerry 10 smartphone line, the Wall Street Journal reported.
There is more bad news for BlackBerry. Following BlackBerry's report of a net loss of $5.9 billion and a 38 percent revenue decline for its most recent fiscal year comes a Ponemon Institute survey that finds close to half of financial services IT pros plan to phase out BlackBerry completely by next year.