BlackBerry Ltd (NASDAQ:BBRY) in a press release has announced the appointment of technology veteran Sandeep Chennakeshu as the head of its newly created business division, BlackBerry Technology Solutions (BTS). Some of the assets that will be under the watchful eye of Mr. Chennakeshu include QNX, the company’s embedded software, as well as Project Ion (Internet of things application platform).
BlackBerry Ltd (NASDAQ:BBRY)’s CEO, John Chen, has welcomed Mr. Chennakeshu into the company as he is expected to ensure protection and development of the company’s 44,000 patents, as well as the Paratek antenna tech company, purchased in 2012. QNX, Certicom and Paratek remain some of the company’s top assets expected to address the needs of the wider global market in the fields of security, communications and embedded applications.
BlackBerry Ltd (NASDAQ:BBRY)’s QNX’s software continues to be used in the- fields of Nuclear reactors as well as massive internet routers and in car infotainment panels. BlackBerry has already reiterated its desire to shift its focus into software development and services provision, having suffered a massive beating on the hardware platform. BlackBerry’s CEO has done well in turning around the company’s fortunes that was at a point of near collapse at the time he was assuming office. Cost cutting measures have worked to the company’s advantage as well as a shift of focus towards the software business as well as enterprise.
Chennakeshu joins BlackBerry Ltd (NASDAQ:BBRY) with a vast experience spanning over 25 years in the fields of research and product development as well as IP creation and licensing. His top positions in the past include the President of Ericsson Mobile Platforms as well as Chief Technical Officer for Sony-Ericsson.
BlackBerry Ltd (NASDAQ:BBRY)’s CEO expects the combination of the company’s major assets under one arm of leadership will result in operational synergies as well as the creation of much-needed new revenue streams. BlackBerry plans to play a bigger role in the current race for the internet of things that seeks to connect everything for ease of sending and receiving information, as well as commands.