Confirmed: BlackBerry Is Buying File Security and DRM Startup WatchDox for up to $150M


blackberry-watchdoxCanadian handset maker BlackBerry has been on a mission to turn around its beleaguered handset business by focusing more on software, and it looks like it has taken a significant step in that direction, specifically around file security and DRM. According to reports coming out of Israel, now confirmed by BlackBerry itself, it is buying WatchDox, a startup that has developed cross-platform technology for digital rights management and for enterprises to share files securely. BlackBerry, the reports say, is paying between $100 million and $150 million for the company, and will also leverage its 100-person team in Israel to build out its R&D operations in the country.

BlackBerry says it is not disclosing the terms of the deal. The plan is to integrate WatchDox’s technology as a value-added service with BlackBerry’s Enterprise Mobility Management (EMM) portfolio. It will be available with BES12, which works on multiple platforms.

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