BlackBerry to buy WatchDox to bolster data security

BlackBerry Ltd (BBRY.O) (BB.TO) said on Tuesday it is acquiring privately-held U.S. tech company WatchDox, which makes software that secures files, in a bid to further bolster its security credentials. The WatchDox software, which is being used by some of the world's largest federal agencies, private equity firms, and a slew of major Hollywood studios, gives clients full visibility and control over how their files are edited, copied, printed or forwarded. Earlier this year, BlackBerry Chief Executive John Chen said he saw a part of the company's targeted software revenue growth in the current fiscal year coming from acquisitions of companies that will allow it to sell more value-added services. Waterloo, Ontario-based BlackBerry made a couple of strategic acquisitions last year that have allowed it to sell such value-added services.

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