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BlackBerry Ltd T.BB

Alternate Symbol(s):  BB

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded systems. It operates in three segments: Cybersecurity, IoT, and Licensing and Other. Cybersecurity consists of BlackBerry UEM and Cylance cybersecurity solutions (collectively, BlackBerry Spark), BlackBerry AtHo, and BlackBerry SecuSUITE. The Company’s endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces solutions. The IoT consists of BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry IVY and other Internet of things (IoT) applications. Licensing and Other consists of the Company’s intellectual property arrangements and settlement award.


TSX:BB - Post by User

Post by dwolfensonon Dec 13, 2022 12:27am
530 Views
Post# 35167663

BB's Colleen McMillan Offers a Nugget or Two to Chew On

BB's Colleen McMillan Offers a Nugget or Two to Chew On
Colleen McMillan

BlackBerry has fine-tuned its Cylance portfolio to deliver a bigger return on investment in the midmarket and SMB segment for MSSPs and their customers, said BlackBerry Vice President of Global Channel Sales Colleen McMillan.

BlackBerry’s ROI advantage in the midmarket and SMB is even attracting partners to move off competitive offerings, said McMillan in an interview with CRN.

Underlying the company’s aggressive push into the MSSP market is a product portfolio that is “an absolute must-have” for midmarket and SMB customers, said McMIllan. “We have the proven solutions in the midmarket and SMB,” she said.

[Related: The 10 Hottest Cybersecurity Startups Of 2022]

“The first thing that partners look at is do customers absolutely need what we are selling,” she said. “BlackBerry has one of the first and most advanced AI- and machine-learning-driven cybersecurity endpoint protection products through the acquisition of Cylance with CylanceProtect and CylanceOptics. It provides that prevention-first-type solution that customers need.”

That Cylance product portfolio, which BlackBerry acquired nearly three years ago with the $1.4 billion blockbuster purchase of Cylance, is resulting in “tremendous growth” in the midmarket and SMB segments, said McMillan.

Among the ROI factors driving MSSP wins, said McMillan, is a cybersecurity product portfolio that has been designed for more rapid deployment into those midmarket and SMB accounts, requiring less technical resources. “It [offers] a more effective ROI as well as being more cost-effective,” she said.

BlackBerry Vice President of Cybersecurity Products Nathan Jenniges, a 10-year McAfee veteran who joined BlackBerry in January, said the company has a razor-sharp focus on the midmarket.

“We are really honing everything we are doing, from products to go to market to sales to the channel, really understanding that midmarket customer segment, what their needs are and optimizing for it … [including] our messaging, the channels we are marketing in and the partners we are looking for in this space,” he said.

The BlackBerry midmarket sweet spot is customers with 500 to 10,000 employees, said Jenniges.

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