BlackBerry is continuing its acquisition streak, announcing this morning that it has entered into a definitive agreement to acquire WatchDox Ltd. The terms of the deal were not disclosed, but a report in The Wall Street Journal has pegged the transaction at $70 million.
Palo Alto, California-based WatchDox provides users secure online storage and file sharing capabilities — both for mobile and desktop platforms — and aims to take on the likes of Box, Dropbox, iCloud and Microsoft’s OneDrive. BlackBerry stated WatchDox will be offered to its customers as a value-added service to it’s Enterprise Mobility Management (EMM) portfolio, as well as BES12 customers.
BlackBerry CEO John Chen said, “BlackBerry is constantly expanding the potential of data security so that it enables more collaboration and sharing rather than creating limitations. This acquisition represents another key step forward as we transition BlackBerry into the premier platform for secure mobile communications software and applications, supporting all devices and operating systems.”
WatchDox also has an office in Israel, which BlackBerry will transform into a new security-focused research and development centre.