BlackBerry to acquire Good Technology for $425m

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Canadian manufacturer claims purchase of mobile security specialist will create a comprehensive security and privacy solution for all mobile devices 

BlackBerry has announced plans to acquire global mobile security provider Good Technology for $425 million (£211 million).

The Canadian manufacturer expects the deal, which could add $160 million in revenue in the first year, to be completed by the end of November, subject to regulatory approvals.

BlackBerry said the acquisition of Good will see its technology integrate with its own enterprise portfolio and trusted global network to create a comprehensive management solution for all mobile devices that protects customers’ security and privacy.

It added this will provide customers with greater mobile enterprise productivity, including seamless integration of capabilities across multiple applications, including BlackBerry Messenger (BBM), WatchDox and Good Work.

BlackBerry executive chairman and CEO John Chen said (pictured): “By acquiring Good, BlackBerry will better solve one of the biggest struggles for CIOs today, especially those in regulated industries: securely managing devices across any platform.

“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,

“Like BlackBerry, Good has a very strong presence in enterprises and governments around the world and, with this transaction, BlackBerry will enhance its sales and distribution capabilities and further grow its enterprise software revenue stream.”

Good Technology was founded in 1996 and is headquartered in Sunnydale, California, with 22 offices in 15 countries, including two in the UK located in London and Cambridge. It was acquired by Motorola in November 2006 but sold just over two years later to push email provider Visto.

It serves more than 6,200 companies in some 190 countries, including more than half of the Fortune 100, all of the Fortune 100 commercial banks, aerospace and defence firms, as well as organisations within healthcare, manufacturing and retail.

Good Technology chairman and CEO Christy Wyatt said: “Together we will be the most comprehensive mobile platform in the market. Good has worked hard to deliver the highest levels of security across operating systems and applications.

“Our trusted Good solutions will also help BlackBerry to accelerate its Internet of Things platform for managing endpoints beyond mobile devices.”

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