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BlackBerry Promotes John Giamatteo To CEO; To Pursue Separation Of IoT And Cybersecurity Business

RTTNews | vor 619 Tagen

BlackBerry Promotes John Giamatteo To CEO; To Pursue Separation Of IoT And Cybersecurity Business

(RTTNews) - Intelligent security software firm BlackBerry Ltd. (BB, BB,TO) announced Monday the appointment of John Giamatteo as its new Chief Executive Officer and as a member of its Board of Directors, effective immediately. Giamatteo has served as the President of BlackBerry's Cybersecurity business unit since October 2021.

Giamatteo has over 30 years of experience with global technology companies. Prior to BlackBerry, he was President and Chief Revenue Officer at McAfee. Before that, he served as Chief Operating Officer at AVG Technologies. He also held leadership positions with Solera, RealNetworks and Nortel Networks.

Richard Lynch, who has served as interim Chief Executive Officer since November 4, 2023, will continue as Board Chair.

The Company also announced that it will separate the IoT and Cybersecurity businesses, and that they will operate as fully standalone divisions. BlackBerry will no longer pursue a subsidiary IPO of the IoT business.

To assist in the separation and right-sizing process, BlackBerry is in the final stages of selecting a consulting firm to bring expertise and additional resources for an independent, ground-up assessment.

Tags: BB BB.TO

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BlackBerry To Sell Non-core Patents And Patent Applications To Malikie For Up To $900 Mln

BlackBerry To Sell Non-core Patents And Patent Applications To Malikie For Up To $900 Mln

BlackBerry Ltd. (BB, BB.TO), a provider of intelligent security software and services, announced Tuesday that it has entered into an agreement to sell substantially all of its non-core patents and patent applications to Malikie Innovations Ltd. for a combination of cash at closing and potential future royalties in the aggregate amount of up to $900 million.

RTTNews | vor 884 Tagen

FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

U.K. stocks are drifting down a bit on Thursday with investors largely staying cautious, digesting flash survey data on regional manufacturing and services sector activity, and looking ahead to the Jackson Hole Symposium.

RTTNews | vor 38 Minuten

CAC 40 Moderately Lower

CAC 40 Moderately Lower

French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.

RTTNews | vor 1Std 3 Minuten

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.

RTTNews | vor 1Std 7 Minuten

DAX Down Marginally

DAX Down Marginally

German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.

RTTNews | vor 1Std 21 Minuten

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | vor 1Std 36 Minuten

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.

RTTNews | vor 2Std 39 Minuten

European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.

RTTNews | vor 2Std 47 Minuten

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