Movirtu: BlackBerry Acquires Movirtu to Improve Device Management

BlackBerry has been on a downward spiral since the introduction of the iPhone and subsequent smartphones. The company failed to gauge the impact these new devices would have in the industry, which resulted in record lows in its stock prices. From its record stock high of $230 in 2007 to the dreadful lows of today at $10.78, the company has been trying to increase its core enterprise customers with the reliable and secure platform it is known for.