BlackBerry's US-listed shares rose nearly 6 percent in premarket trading yesterday after the company said it would partner with Microsoft to provide security for flagship Office apps used by businesses.
The partnership comes at a time when companies are ramping up their cybersecurity capabilities after a wave of attacks on high-profile companies pointed to security flaws.
BlackBerry has focused on developing security software since it stopped making smartphones in 2016 after failing to compete with Android phones and Apple iPhones.
As part of the partnership, the Canadian software maker's platform, BlackBerry Enterprise Bridge, will allow businesses to securely access Microsoft's apps such as Excel, Word and PowerPoint on smartphones.
Reporting by Yashaswini Swamynathan. Editing by Arun Koyyur
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