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Blackberry (BBRY) acquires Good Technology for $425 Million

Smartphone-maker BlackBerry Ltd (NASDAQ:BBRY) has set aside differences with mobile security provider Good Technology and purchased the competing brand for $425 million. In terms of enterprise mobility management, Good Technology is Blackberry’s biggest competitor.blackberry-good-technology

This is a double edged sword for Blackberry as the company will get rid of its main competitor and consequently gain more mobile-device management customers.

Good Security is widely recognized as a leader in mobile security. More than 6,200 companies use Good’s technology, including Fortune 100 firms.

“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,” said John Chen, BlackBerry’s executive chairman and CEO, in a statement. “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.”

Now with the added technology from Good Technology, BlackBerry’s own mobile security platform will get stronger than before. The company will also be able to offer apps for any mobile device running on any operating system covered.

“Enterprise customers today demand stringent security and the most flexible platform across all mobility strategies,” said Christy Wyatt, Good Technology CEO. He added, “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.”

“Our acquisition of Good will mean the end of compromise for customers. We will be able to provide even stronger cross-platform capabilities—ensuring customers won’t have to make any sacrifices in operating systems, deployment models, or any level of privacy and security in their mobile environments,” said Marty Beard, COO of BlackBerry. “I truly believe that combined, BlackBerry and Good will raise the bar in the enterprise mobility market, enabling our customers to be more productive and protecting their sensitive data across all of their mobile end points.”

BlackBerry said the transaction should be completed toward the end of the company’s 2016 fiscal third quarter.

About Sergio Wallache

The young-turk of the team, he is responsible for reporting all the rumors and leaks related to gadgets and software. Other than collecting valuable information on trending rumors, he also likes to write about social media and IT security.

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