BlackBerry to buy Good Technology in million dollar deal

Telecommunications company BlackBerry Limited is set to acquire the California based mobile security provider Good Technology for $425 million.

It is hoped that the new acquisition will develop BlackBerry’s “leadership in secure cross-platform mobility management”.

As part of the deal, Good will provide BlackBerry with secure applications and containerization that will guard 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. 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.”

Through the new purchase, BlackBerry aims to broaden its relationship with “global enterprise and government customers”.

Speaking of the new deal, Christy Wyatt – Good Chairman and CEO – pointed out that enterprise customers now want strong security and the “most flexible platform” across all mobile strategies.

She said: “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.”