BlackBerry eyes growth and acquisitions following end of restructuring process

Blackberry has actually come to the end of a three-year restructuring notice process and is once again eyeing growth, according to an internal memo dealt with to its employees.

Obtained by Reuters, the memo, penned by BlackBerry CEO John Chen, confirmed that the company’s restructuring efforts are now total and that the sale of assets and layoffs have actually come to a stop.

It read: “We’ve actually finished the restructuring notification procedure, and the labor force reduction that began three years ago is now behind us.

“More importantly, disallowing any unanticipated recessions in the market, we’ll be including headcount in certain locations such as product development, sales and customer support, starting in modest numbers. “

Big chop

The Waterloo, Ontario-based company has axed around 60 % of its workforce over the last 3 years as it ceded market share to Apple’s iPhone and numerous gadgets powered by Google’s Android OS.

The company now has 7,000 workers, according to Chen, below a peak of even more than 17,500 in 2011. The BlackBerry chief added that the business, which is when again in a position to make strategic acquisitions to improve future sales, is well on its method to recovery and is intending to be capital positive by the end of 2014.

BlackBerry just recently acquired Germany enterprise movement management company Secusmart, which makes a microSD card-sized computer system that allows electronics makers to include voice and information encryption to gadgets.

Chen, who joined the company around eight months earlier, has a track record for turning around tech business ailing fortunes and was accountable for raising software vendor Sybase out of the red in the late 90s.