Silent Circle, a company specializing in snoop-proof security software and services, has bought out a business partner's stake in their.
By acquiring Geeksphone's stake, Silent Circle can pursue the Blackphone project more efficiently and without having to balance two companies' priorities and plans, Silent Circle said Thursday ahead of the Mobile World Congress show that begins next week in Barcelona.
As the continued use of easily cracked passwords shows, it's hard to get many people to go out of their way for extra security. But some will, and apparently investors are convinced Silent Circle will appeal to those customers, because the company also announced it has raised $50 million in funding to accelerate its plans.
The company plans to announce new devices at next week's mobile conference.
Overseeing the work is Bill Connor, Silent Circle's new chief executive who started in January. Connor formerly was president of network equipment maker Nortel.
Security is becoming an increasingly higher-profile issue. Sometimes the problem is hackers like those wholast year and published sensitive information; sometimes it's government-sponsored attacks like the US and UK spy agencies' alleged attempts -- revealed last week -- to steal .
Geeksphone and Silent Circleat the 2014 Mobile World Congress, trying to of hackers and governments. The , running a modified version of Google's Android operating system called PrivatOS, which encrypts voice and video calls as well as text messages and anonymizes Web surfing. It's got a 4.7-inch screen, 2GHz Nvidia Tegra 4i processor, 16GB of storage and support for 4G LTE networks.
This year at Mobile World Congress, Silent Circle plans to announce new plans for building the "world's first enterprise privacy ecosystem." Details are unclear so far. But in computer-industry argot, ecosystems typically refer to an integrated system of hardware, software, services, and an app store.
"As the nature and volume of data breaches increase, institutional trust is eroding," Connor said in a statement. "There are companies that have been hacked and there are those that don't know about it yet, which means that security in the traditional sense has failed us. With the number of employees connecting to an enterprises' network using their own devices rapidly rising, organizations need a different solution."
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