BlackBerry Acquires Good Technology

BlackBerry has acquired Good Technology for $425 million in cash.

Enhanced by Good, BlackBerry says it will expand its ability to offer a unified, secure mobility platform with applications for any mobile device on any operating system.

Good will bring complementary capabilities and technologies to BlackBerry, the company says, including secure applications and containerization that protects end user privacy.

“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 CEO. “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.”

Good’s technology will integrate with BlackBerry’s enterprise portfolio and global network, creating a comprehensive management solution for all mobile devices that protects customers’ security and privacy, according to BlackBerry.

“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,” Chen added.

“Enterprise customers today demand stringent security and the most flexible platform across all mobility strategies,” said Christy Wyatt, Good Chairman and CEO. “Good has worked hard to deliver the highest levels of security across operating systems and applications.”

Good serves more than 6,200 organizations, including more than half of the Fortune 100. BlackBerry is the trusted mobility partner of all G7 governments, 16 of the G20 governments, 10 out of 10 of the largest global banks and law firms, and the top five largest managed healthcare, investment services, and oil and gas companies.

BlackBerry expects the transaction to be completed toward the end of the company’s 2016 fiscal third quarter and is subject to customary closing conditions, including regulatory approvals.