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

RTTNews | Pred 615 dňami
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.

Značky: BB BB.TO
Stocktwits
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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 | Pred 881 dňami
Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the Asian session on Monday as Asian stock markets traded higher, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine and had "largely agreed".
RTTNews | Pred 1 h 52 min
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.
RTTNews | Pred 2 h 2 min
Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Indian shares opened on a buoyant note on Monday after S&P Global Ratings upgraded India's sovereign ratings and Prime Minister Narendra Modi promised next generational GST reforms by Diwali, which will bring down the tax burden on consumers as well as MSMEs.
RTTNews | Pred 3 h 24 min
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 choppy mid-market trading on Monday, after opening in the red and briefly treading in to the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,900.00 level, with weakness in mining and energy stocks.
RTTNews | Pred 4 h 17 min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine, and had "largely agreed". Asian markets closed mostly higher on Friday.
RTTNews | Pred 4 h 39 min
Sensex, Nifty Seen Higher On Proposed GST Reforms Push

Sensex, Nifty Seen Higher On Proposed GST Reforms Push

Indian shares look set to open on a positive note Monday after S&P Global Ratings upgraded India's sovereign ratings, citing buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment.
RTTNews | Pred 5 h 13 min
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