BlackBerry, a former mobile phone manufacturer, has announced plans to separate its IoT business from its main cybersecurity business. The company, known for its software in the IoT sector, acquired QNX in 2010, utilizing it as the backbone of the BlackBerry OS 10 operating system for smartphones. While BlackBerry’s smartphone plans were not successful and had to be discontinued, the QNX customer base in the embedded systems and automotive industries remains strong until today. Recently, BlackBerry has prepared to spin off this business into a new company and potentially conduct an IPO in the stock market, although it is still unclear whether the new entity will retain the QNX name.
TLDR: BlackBerry, known for its failed smartphone ventures, is separating its successful IoT software business from its main cybersecurity operations. The company acquired QNX in 2010 and integrated it into the BlackBerry OS 10 operating system. Despite the smartphone setback, the QNX customer base in industries like automotive remains solid. BlackBerry now plans to create a new company and potentially go public, but details regarding the rebranding are still unclear.
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