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Silent Circle buys out partner, raises funds in push to serve secure enterprise market

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Silent Circle buys out partner, raises funds in push to serve secure enterprise market

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Silent Circle, a part of SGP Technologies, has introduced they have got reached an settlement to purchase out their spouse in the three way partnership, Geeksphone. SGP Technologies’ number one declare to reputation is their Blackphone, a telephone evolved for customers in keeping up a top degree of privateness. Silent Circle will take over 100% possession of SGP Technologies while the purchase closes later this week permitting the corporate to put in force “operation efficiencies” and pursue an “built-in product roadmap.”

As a part of their declaration, Silent Circle additionally found out that they have got acquired $50 million in new capital financing to lend a hand it transfer to the following level of its marketing strategy. That step comes to construction of an “enterprise privateness atmosphere.”

Sources assume Silent Circle could also be positioning itself to step into the position that Blackberry used to fill sooner than they stumbled. Key to this can be deployment of encrypted communications answers. Although Silent Circle could have to cope with the realities of a “convey your personal software” global, having their very own hardware in phrases of a telephone and possibly a tablet would possibly lend a hand them be successful.

Ross Perot, Jr., a Silent Circle investor notes,

“As the character and quantity of knowledge breaches building up, institutional agree with is eroding. There are firms which were hacked and there are those who don’t find out about it but, this means that that safety in the normal feel has failed us.  With the selection of workers connecting to an organisations’ community the use of their very own units hastily emerging, businesses want a other answer. In brief, in a submit-Sony and Gemalto global, safety breaches were made each enterprise and private so it’s now not a subject matter affecting simply the boardroom.”

Silent Circle is making plans to be at MWC 2015 subsequent week and can most probably screen extra details about their plans pass ahead. One query that can be replied is whether or not Geeksphone will proceed to provide Blackphone hardware even if they're now not a spouse to the challenge.

source: TechCrunch


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