Silent Circle, a company specializing in snoop-proof security software and services, has bought out a business partner’s stake in their Blackphone project.
By acquiring Geeksphone’s stake, Silent Circle can pursue the Blackphone project more efficiently and without having to balance two companies’ priorities and plans, Silent Circle said Thursday ahead of the Mobile World Congress show that begins next week in Barcelona.
As the continued use of easily cracked passwords shows, it’s hard to get many people to go out of their way for extra security. But some will, and apparently investors are convinced Silent Circle will appeal to those customers, because the company also announced it has raised $50 million in funding to accelerate its plans.
The company plans to announce new devices at next week’s mobile conference.
Overseeing the work is Bill Connor, Silent Circle’s new chief executive who started in January. Connor formerly was president of network equipment maker Nortel.
Read the Full Article: Source – c|net
http://www.cnet.com/news/silent-circle-buys-out-secure-blackphone-hardware-partner/
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