BlackBerry is in need of a name change given its transformation to an enterprise software company is nearly complete. Simply put, BlackBerry needs a name that reflects the company's current state not a retro device manufactured by TCL.
The company reported its fiscal third quarter earnings on Thursday and handily topped expectations. Why? Its enterprise software and enterprise of things technology businesses delivered. There was no revenue from hardware in the quarter. On a conference call, CEO John Chen highlighted momentum for its software aimed at regulated industries and design wins in the auto sector.
Now whether you buy into this BlackBerry name change idea depends on whether you think hardware or software when you hear the name. I'm willing to bet most of you think keyboard-based smartphone when you hear BlackBerry.
The company's future goes more like this:
- BlackBerry is buying AI-powered security company Cylance for $1.4b
- BlackBerry's ambitious target: Protecting everything from smartphones to cities
- BlackBerry launches security credential management system for intelligent transportation, smart cities
- BlackBerry QNX launches three safety certified auto systems
- BlackBerry debuts Jarvis software scanning platform at NAIAS
- BlackBerry teams with Fleet Complete to push Radar IoT platform
BlackBerry CEO John Chen spoke of the Cylance purchase largely as a security and software deal that can accelerate growth. Chen said Cylance "is a key investment to accelerate our future software and services growth in the enterprise of things market."
Analysts tend to agree. TD Securities analyst Daniel Chan said:
Cylance has been successful in the manufacturing, healthcare, and technology industries. BlackBerry's strengths are in financial services, government, and other regulated industries. Management has viewed the healthcare industry as the next step for QNX beyond automotive. We believe that pairing Cylance with BlackBerry's Spark platform could help it break into healthcare.
Here's how BlackBerry sees its future:
Clearly, the company is about way more than a brand tied to a smartphone and email system.
What should BlackBerry's new moniker be? I'm thinking BlackBerry could revert back to its original name: Research in Motion. The name more applies to its enterprise of things strategy and leaves the door open for more transformation in the future. Should the company want to take a product line as a name again QNX would be more appropriate.
In any case, Chen has nearly completed a heroic transformation. Now it's time to swap the name of the company to complete the deal.
Previous and related coverage:
You couldn't mistake the KEY2 for anything but a BlackBerry. The keyboard on the front, the programmable 'convenience key' -- a button on the right edge that can be set to launch whatever you want -- and the familiar BlackBerry stylised logo on the back give the game away.
ZDNet takes a look back at how the BlackBerry device has developed since the first BlackBerry hit the shelves more than a decade ago.