BlackBerry to Acquire Good Technology for $425 Million

BlackBerry to Acquire Good Technology for $425 Million

BlackBerry will acquire Good Technology for its EMM smarts to the tune of $425 million.

BlackBerry Limited (BBRY) will acquire Good Technology for $425 million in cash, the company announced today.

The acquisition is expected to help BlackBerry to expand its unified secure mobility platform by providing users with Good’s app containerization technology, according to the announcement. By adding Good’s expertise in managing iOS, Android and Windows phone operating systems to its portfolio, Blackberry can effectively serve a wider swath of the enterprise mobile market than ever before.

“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, in a statement. “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.”

The acquisition is expected to close toward the end of BlackBerry’s 2016 fiscal third quarter, according to the announcement.

“Good has worked hard to deliver the highest levels of security across operating systems and applications,” said Christy Wyatt, Good Chairman and CEO. “Our trusted Good solutions will also help BlackBerry to accelerate its Internet of Things platform for managing endpoints beyond mobile devices.”

BlackBerry’s acquisition of Good makes a lot of sense considering the company’s renewed direction as an enterprise mobile management provider. Its popular BlackBerry 10 and BlackBerry 12 management platforms have been largely responsible for its recent success under new CEO John Chen, as well as the company’s involvement with the Samsung KNOX EMM suite. And by acquiring one of the biggest players in the EMM space, Chen and company are making a definitive statement about the future direction of BlackBerry as a mobile security provider.

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