BlackBerry Limited BB has partnered with Deloitte to help Original Equipment Manufacturers (OEMs) and those building mission-critical applications secure their software supply chains.
Based in London, Deloitte provides audit and insurance, advisory, risk and financial advisory services, as well as tax services to clients across multiple industries. Deloitte LLP, an Ontario limited liability company, is the Canadian member firm of Deloitte Touche Tohmatsu Limited.
Under the agreement, Deloitte will use BlackBerry’s software composition analysis tool, BlackBerry Jarvis, to provide open source software, common vulnerabilities and exposures, and software nomenclature analyzes to its customers in the medical, automotive and automotive industries. and aerospace.
Designed to address growing cybersecurity threats among multi-tiered software supply chains, BlackBerry Jarvis enables OEMs to inspect the origin of their code and every software asset that enters their supply chains. This ensures that their end products are secure and updated with the latest security patches.
BlackBerry is experiencing strong pipeline growth for its unified endpoint security products. Its shares have risen 102.9% in the past year, compared to the industry’s 29% growth.
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BlackBerry Jarvis addresses the need to remediate vulnerabilities by identifying them and providing in-depth actionable insights. The common offer of software and business services was selected by a G7 transport ministry to ensure the safety of its traffic management and transport infrastructure.
The partnership aims to help OEMs and critical infrastructure managers better understand the security challenges of their embedded systems. The already productive relationship will focus on key mobility and other market opportunities.
BlackBerry’s security expertise, combined with Deloitte’s Risk Advisory teams, will create an undeniable value proposition for customers. Equipment manufacturers will now have actionable intelligence to address security vulnerabilities in their software supply chains.
Based in Waterloo, Canada, BlackBerry provides intelligent security software and services to businesses and governments around the world. It secures more than 500 million terminals, including 195 million vehicles. BlackBerry QNX is the market leader in certified automotive security embedded software.
The company continues to invest in product development and go-to-market strategy to drive long-term sustainable growth. Despite the headwinds associated with the global chip shortage, there is significant demand for cybersecurity and IoT software products.
The stock currently carries a Zacks Rank # 3 (Hold).
Some top-ranked stocks in the industry are Progress software company PRG, Microsoft Corporation MSFT, and Adobe Inc. ADBE, each wearing a Zacks Rank # 2 (Buy). You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.
Progress Software has posted a surprise profit of 25.2% on average over the last four quarters.
Microsoft has achieved a surprise earnings over the last four quarters of 16.9% on average.
Adobe has posted a surprise profit of 7.5% on average for the last four quarters.
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