BlackBerry Ltd. will no longer spin off its Internet-of-things (IoT) business, a reversal from a previously announced turnaround plan.

BlackBerry will reorganize to keep that business in-house alongside its cybersecurity unit, the Waterloo, Canada-based company said in a statement according to Bloomberg News. The decision was made “with a view to each division operating independently and on a profitable and cashflow-positive basis going forward,” it said. The software company also appointed John Giamatteo, who has been president of its cybersecurity business since 2021, as CEO. BlackBerry has struggled to find its footing in a post-smartphone life as revenue growth has largely declined in recent years.