Blackberry Limited has created a new business unit that will combine its patent portfolio with some of the Canadian-based company’s technology assets.
The Blackberry Technology Solutions (BTS) will comprise Blackberry’s embedded software division, QNX; Project Ion, Blackberry’s Internet of Things (IoT) application platform; Certicom, cryptography applications; Paratek, the RF antenna tuning division; and Blackberry’s patent portfolio.
As part of the announcement, Sandeep Chennakeshu, former president of Ericsson Mobile and CTO of Sony-Ericsson, has been named to head up the division.
John Chen, executive chairman and CEO of Blackberry, said in a statement, that QNX, Certicom and Paratek are strategic assets with “significant potential to address the much wider global markets for secure, reliable communications and embedded applications.” Chen said that Project Ion will enable machine-to-machine communication as well as meet the growing needs of IoT.
“Combining all these assets into a single business unit led by Sandeep will create operational synergies and new revenue streams, furthering our turnaround strategy,” Chen said.