BlackBerry acquires Good Technology in $425m deal

BlackBerry to buy Good to boost security portfolio

BlackBerry has announced that it will acquire mobile device management firm Good Technology in a cash deal worth $425m.

BlackBerry gains another established enterprise mobility provider in Good Technology, and one that has a track record of cross-platform support on Android and Apple iOS devices, suggesting that BlackBerry is moving away from a focus on its own devices.

John Chen, chief executive of BlackBerry, explained that this is one of the major benefits of the deal, and will help businesses grappling with mobile device security to keep close control on their networks.

“By acquiring Good Technology, BlackBerry will better solve one of the biggest struggles for CIOs today, especially those in regulated industries: securely managing devices across any platform,” he said.

“By providing even stronger cross-platform capabilities our customers will not have to compromise on their choice of operating systems, deployment models or any level of privacy and security.”

BlackBerry will integrate Good Technology’s products with its enterprise portfolio of tools, including BBM, WatchDox and Good Work, to ensure that customers can provide these tools on mobile devices with confidence that they are adequately secured.

Good Technology chief executive Christy Wyatt added that the deal will also help the two companies meet the device security challenges posed by the Internet of Things (IoT).

“We are excited to join BlackBerry, where together we will be the most comprehensive mobile platform in the market,” she said. “Our trusted Good solutions will also help BlackBerry to accelerate its IoT platform for managing endpoints beyond mobile devices.”

Good Technology was one of the pioneers of containers for securing mobile apps and data, and has a strong track record in delivering mobile access to key enterprise applications.

BlackBerry chief operating officer Marty Beard gave some more explanation about how the two companies will benefit each other in a blog discussing the deal.

“We are strengthening BlackBerry’s software and cloud portfolio and with Good, BlackBerry is creating the most comprehensive secure mobility platform in the market,” he said.

“Good has strength in multi-OS management and applications, particularly with iOS as well as Windows and Android, which BlackBerry has been delivering with BES12.”

BlackBerry expects the deal to be completed toward the end of the company’s 2016 fiscal third quarter, and to generate around $160m in revenue from Good technology in the first year of ownership.

Good Technology already boasts a sizeable customer base of over 6,200 organisations, including finance, aerospace, defence, healthcare, manufacturing and retail firms.

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4 September 2015 | 1:51 pm – Source:


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