BlackBerry has entered into a definitive agreement to acquire Good Technology for US$425 million in cash, as the struggling company aims to increase market share in the secure cross-platform mobility management space.
Enhanced by Good, BlackBerry will expand its ability to offer a unified, secure mobility platform with applications for any mobile device on any operating system - supported with security that has been certified by governments around the world.
Terms of the deal will see Good bring “complementary capabilities and technologies” to BlackBerry, including secure applications and containerisation that protects end user privacy.
With Good, BlackBerry will expand its ability to offer cross-platform EMM solutions with varying deployment models such as bring-your-own-device (BYOD); corporate owned, personally enabled (COPE); as well as environments with multiple user interfaces and operating systems.
Good has expertise in multi-OS management with 64 percent of activations from iOS devices, followed by a broad Android and Windows customer base, which will now combine with BlackBerry’s strength in BlackBerry 10 and Android management - including Samsung KNOX-enabled devices.
“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,” says John Chen, Executive Chairman and CEO, 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.
“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.”
Chen says Good’s technology will integrate with BlackBerry’s enterprise portfolio and global network.
“Enterprise customers today demand stringent security and the most flexible platform across all mobility strategies,” adds Christy Wyatt, Chairman and CEO, Good.
“We are excited to join BlackBerry, where 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.”
With Good, BlackBerry will expand its presence with global enterprise and government customers.
Good serves more than 6,200 organisations, including more than half of the Fortune 100, all of the Fortune 100 commercial banks, aerospace and defence firms, and leaders across healthcare, manufacturing and retail.
Meanwhile, BlackBerry is the 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.