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

RTTNews | 616 dni temu
Stocktwits
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.

Tagi: 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 | 881 dni temu
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks may open flat to slightly higher on Tuesday after U.S. President Donald Trump described his recent meeting with Ukrainian President Volodymyr Zelenskyy and European partners as 'very good" and said he's begun arranging a meeting between Zelensky and Russian President Vladimir Putin, possibly within the next two weeks.
RTTNews | 1g 44 minut temu
Australia Consumer Sentiment At 3 1/2 Year High: Westpac

Australia Consumer Sentiment At 3 1/2 Year High: Westpac

Australia's consumer confidence improved to a three-and-a-half year high in August as the central bank is expected to lower rates further after a third cut this year, monthly survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index rose to 98.5 in August from 93.1 in June.
RTTNews | 2g 14 minut temu
Sensex, Nifty Slightly Higher In Early Trade

Sensex, Nifty Slightly Higher In Early Trade

Indian shares were slightly higher on Tuesday, extending the previous session's strong gains after the Modi government, in a bold Independence Day declaration, revealed plans for the largest tax overhaul since 2017.
RTTNews | 2g 40 minut temu
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Tuesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,900 level, with weakness in mining and energy stocks partially offset by gains in financial stocks.
RTTNews | 3g 48 minut temu
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid optimism of a truce in the conflict between Russia and Ukraine with US President Donald Trump planning a summit meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy very soon. Asian markets closed mostly higher on Monday.
RTTNews | 3g 58 minut temu
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