Jaguar Land Rover vehicles to use BlackBerry software

Under the deal, terms of which were not disclosed, BlackBerry will license its QNX software for cars and Certicom security technology to Jaguar Land Rover. (Reuters)
Updated 22 March 2018
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Jaguar Land Rover vehicles to use BlackBerry software

BENGALURU: Luxury carmaker Jaguar Land Rover will use BlackBerry Ltd’s infotainment and security software in its vehicles, the companies said on Thursday.
The licensing deal with Tata Motors Ltd’s JLR is the Canadian firm’s latest in the automobile industry following agreements with Qualcomm Inc, Baidu Inc. and Aptiv.
Under the deal, terms of which were not disclosed, BlackBerry will license its QNX software for cars and Certicom security technology to JLR.
The Waterloo, Ontario-based company has sought to reinvent itself after the collapse of its smartphone business, focusing on a rapidly changing auto industry that is racing to add more autonomous features and ultimately build self-driving cars.
BlackBerry’s shares have risen more-than 80 percent in Toronto in the past year.
The QNX unit, which has long been used to run car infotainment consoles, is expected to start generating revenue in 2019.
“Connected and autonomous vehicles will react and drive based on rich data. Our platforms help process data efficiently and keep it secure and trusted,” said John Wall, general manager of BlackBerry QNX.
JLR, which was bought by the Tata group in 2008, said last year that all its new cars would be available in electric or hybrid versions from 2020.
Britain’s biggest carmaker said in January it would open a software engineering center in Ireland to work on advanced automated driving and electrification technologies.


UAE’s Network International shrugs off Brexit to list shares in London

Updated 14 min 10 sec ago
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UAE’s Network International shrugs off Brexit to list shares in London

  • The planned share sale comes at an uncertain time in the UK
  • The company, which operates hospitals in the Middle East, was said to be also considering listing in the US or Singapore

DUBAI: Network International, the UAE payments processor, has committed to a London IPO next month in what would be the UK’s first big share sale of the year.
The company intends to have a free float of at least 25 percent and admission to the London Stock Exchange is expected to take place in April, Network International said in a regulatory filing on Thursday.
The planned share sale comes at an uncertain time in the UK where there is still no clarity around whether Britain will leave the EU or not at the end of the month.
VPS Healthcare, the Abu Dhabi-based hospital operator, is reconsidering plans to list in London due to uncertainty surrounding Brexit, Bloomberg reported on Thursday citing a person familiar with the matter.
The company, which operates hospitals in the Middle East, was said to be also considering listing in the US or Singapore.
Emirates NBD, Dubai’s biggest bank, owns 51 percent of Network International while Warburg Pincus and General Atlantic jointly own the rest.
The share sale will be a key test of investor demand for new listings in London after a subdued 2018 across most European markets.
“Volatility has continued in recent months, driven by the uncertainty around trade between the US and China, the wider geopolitical climate and the potential end of the current bull run,” said Peter Whelan, partner and UK IPO Lead at PwC in a recent report.
“We are seeing a healthy number of companies preparing for an IPO in 2019 despite the ongoing Brexit negotiations which have clearly impacted IPO activity on the London market.”
The payment processor reported earnings of $298 million last year according to its website, up from $262 million a year earlier. It does not disclose net income figures.
The company handles digital payments across the Middle East, which generate three quarters of its total earnings.
Last year it processed some $40 billion in payments for more than 65,000 merchants.
Its key markets in the region include the UAE and Jordan it says that Saudi Arabia offers “significant opportunities.” It also offers services in 40 African countries with Egypt, Nigeria and South Africa being its most important segments on the continent.