BlackBerry is going back to its roots, it’s again going strong on with its enterprise mobility business. It has entered in to a definitive agreement to acquire Good Technology for $425 million in cash. With this acquisition, BlackBerry’s strategy is to offer customers a unified, secure mobility platform with applications for any mobile device on any operating system.
BlackBerry Executive Chairman and CEO, John Chen said, “Good will enable the company to enhance its sales and distribution capabilities and further grow its enterprise software revenue stream.” By acquiring Good, BlackBerry will better solve one of the biggest struggles for CIOs today, as Good has expertise in multi-OS management with 64 percent of activations from iOS devices, and also counts Android and Windows in the customer base.
Good solutions will also help BlackBerry to accelerate its Internet of Things platform for managing endpoints beyond mobile devices as well as BlackBerry will expand its presence with global enterprise and government customers. Good serves more than 6,200 companies as customers.
The deal is expected to be closed in Q3 2016 and Good is expected to add $160 million in revenue in the first year. The company filed for an IPO in March, but appears that Blackberry has made them change their mind.
Good Technology operates in secure mobility, delivering solutions across all stages of the mobility lifecycle for enterprises and governments worldwide. It offers a comprehensive, end-to-end solutions portfolio, consisting of a suite of collaboration applications, a secure mobility platform, mobile device management, unified monitoring, management and analytics, and a third-party application and partner ecosystem.