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Published : 28.11.2013 | Author : admin | Categories : Reverse Telephone Number Lookup
The BlackPhone, a $600-plus encrypted Android handset designed to keep the prying eyes of criminals and the government out of mobile communications, is now fully owned by Silent Circle thanks to the company raking in investment cash. Terms of the buyout deal with Spanish smartphone maker Geeksphone, the phone's hardware manufacturer, were not disclosed.
The cash infusion and the push for encrypted communications are in part a direct result of National Security Agency whistleblower Edward Snowden's revelations about massive government surveillance.
As far as its functionality as a consumer device goes, BlackPhone still has a few rough edges. The buyout announcement comes as the need for secure mobile communications was highlighted after the Snowden disclosure a week ago that governments may have breached the encryption on Gemalto's SIM cards.
A recently fixed vulnerability disclosed last month in the BlackPhone instant messaging application gave attackers the ability to decrypt messages, steal contacts, and control vital functions of the device.
Silent Circle made news in 2013 when it shuttered its secure e-mail service amid fears that the metadata of encrypted e-mail could be scooped up by the NSA.


The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Conde Nast. Ruben Vardanyan, chairman of Troika Dialog, said Friday that he would quit Russia's oldest brokerage in three to five years and offer his 40 percent stake to the firm's management.
Should the management buyout fail, Vardanyan said another option would be to offer the stake to state-controlled lenders Sberbank and VTB Group, along with South Africa's Standard Bank, which already owns 36 percent of the company. Jacques Der Megreditchian, chief business officer of Troika, who proposed the buyout, is the leading candidate from within the company to take over, Vardanyan said.
Vardanyan's decision to leave Troika comes after Pavel Teplukhin, managing director and head of the group's asset management unit, announced in January that he would leave. Teplukhin's exit follows three senior departures since Troika entered into a strategic alliance with Standard Bank in March 2009 by selling a 33 percent stake for $200 million. Vardanyan said Troika was worth as much as $2.8 billion when he was approached to sell three years ago.


Troika's local rival, Renaissance Capital, sold a 50 percent stake to billionaire Mikhail Prokhorov in September 2008 for $500 million. Troika plans to increase its headcount this year by 10 percent from 1,200 and expand in Asian and African markets, Vardanyan said. Silent Circle said Thursday that it has raised $50 million and plans on showing off an encrypted "enterprise privacy ecosystem" at World Mobile Congress next week. During our testing in a number of scenarios, there was little if any data leakage that would give any third-party observer anything usable in terms of private information. That was 18 months after Renaissance rejected a $4 billion offer from state-run VTB Group, according to Vedomosti.



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