BlackBerry to acquire mobile security specialist Good Technology
Deal will extend BlackBerry's capability to offer end-to-end enterprise mobile management
BlackBerry has announced that it intends to buy mobile security provider Good Technology for $425 million.
The cash deal is part of BlackBerry's strategy to offer customers an end-to-end solution that secures the entire mobile enterprise, across all platforms. The company said that with Good's technology, it will be able to 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, including secure applications and containerization that protects end user privacy. With Good, BlackBerry will expand its ability to offer cross-platform EMM solutions to fit a variety of mobility deployment models such as bring-your-own-device (BYOD) and 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. This experience combined with BlackBerry's strength in BlackBerry 10 and Android management - including Samsung KNOX-enabled devices - will provide customers with increased choice for securely deploying any leading operating system in their organisation.
"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," said John Chen, BlackBerry executive chairman and CEO. "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."
"Enterprise customers today demand stringent security and the most flexible platform across all mobility strategies," said Christy Wyatt, Good chairman and CEO. "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."
The deal is expected to be completed towards the end of BlackBerry's 2016 fiscal third quarter, subject to regulatory approvals.