Blackberry in play after private equity bid
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Reuters is reporting that private equity firm Veritas Capital has made an offer to buy Canadian technology firm BlackBerry.
Blackberry is also talking to other potential buyers for business, which is focused on real time operating system (RTOS) and AI cybersecurity software
The company, famous for its now-obsolete smartphones, is now developing AI-based cybersecurity software and the QNX Neutrino RTOS, which it acquired from Harman in 2010.
Blackberry stopped supporting its smartphones in January 2022 and in May sold its non-core patents and patent applications to Malikie Innovations, a wholly-owned subsidiary of Key Patent Innovations, for $170m. The deal included 32,000 non-core patents and applications, leaving 2,000 essential patents relating to standards for mobile devices.
- Blackberry ships QNX in over 235m cars
- aiDrive ported to BlackBerry’s QNX Neutrino RTOS
- BlackBerry, Elektrobit strengthen vehicle safety
The company currently a market value of $3.1 billion, but neither company has so far confirmed the deal or the value. Blackberry started a strategic review of its business earlier in the year and is said ot be in talks with a number of other potential buyers.
Earlier this month Blackberry updated its patented Cylance AI engine, marking a significant leap forward in predicting 40% more cyberattacks for proactive cyber defence.
The company continues to work on the QNX Software Development Platform (SDP), releasing version 8.0 for automotive and IoT systems developers. The new version of the POSIX compliant, real-time microkernel-based OS boosts linear scaling with the number of cores to help developers scale applications.
QNX SDP 8.0 is used for the BlackBerry QNX product portfolio, including next generation QNX OS for Safety, QNX Hypervisor and QNX Hypervisor for Safety.
- TTTech Auto, BlackBerry team for QNX Neutrino
- BMW to use QNX RTOS for L2/L2+automated driving
- QNX brings virtualization, FuSa and security to R-Car
BlackBerry is working with Nvidia to integrate the QNX OS microkernel on the next-generation NVIDIA DRIVE Thor, which delivers 2000 TFLOPS of performance and consolidates automated driving with AI cockpit on a single centralized platform.
www.blackberry.com; BlackBerry.QNX.com.
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