BlackBerry Acquires Mobile Security Firm Good Technology for $425M

BlackBerry Limited announced that it is acquiring Good Technology for $425 million in cash in order to fulfill BlackBerry’s strategy of giving its customers the most complete, end-to-end solution that is able to secure the mobile enterprise. Good Technology is known for helping big corporations and governments keep tabs on non-BlackBerry platforms such as Apple’s iOS. Good Technology boasts 6,300 customers and employs 16,000 Good Dynamics developers.

As BlackBerry is also a security company, it will greatly benefit from the acquisition. Maribel Lopez, a contributor at Forbes stated,

The acquisition of Good is aligned with BlackBerry’s strategy. Mobile device and application management are critical components of that strategy. While it was catching up in Enterprise Mobile Management (EMM) features, BlackBerry was still viewed as a Mobile Device Management (MDM) provider. BlackBerry was particularly interested in Good’s SDK for containerized MAM. It also was pleased with the amount of application vendors that have used Good’s SDK to secure apps. The Good platform has more than 2,000 independent software vendor and custom applications built today.

John Chen, BlackBerry’s CEO, said,

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.

BlackBerry expects the transaction to be completed toward the end of the 2016 fiscal third quarter.

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