Blackberry completes Good Technology acquisition
November 4, 2015
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BlackBerry Ltd. has completed the acquisition of Good Technology. With the acquisition of Good, the company says it has expanded its ability to offer a unified, secure mobility platform with applications and services for any mobile device on any operating system/
“Combined, BlackBerry solves one of the biggest challenges for CIOs — to securely manage all types of deployment models for any device operating system platform, whether on-premise or in the cloud,” said BlackBerry CEO John Chen. “We are creating a higher-value solution with the capability to extend across enterprise mobility management, collaboration and application enablement in order to provide customers with the best and most secure products, services and support to meet their enterprise mobility objectives.”
Stacy Crook, research director, enterprise mobility at IDC, said “Good brings additional value to the BlackBerry platform by offering strong application containerization on iOS and Android, and will provide solutions to containerize custom and third-party applications.”
BlackBerry and Good say they will provide:
* A broad set of options to meet the cross-platform needs of an enterprise for EMM, including support for iOS, BlackBerry, Windows, and Android including Samsung KNOX Workspace and Android for Work.
* Support for varying deployment models such as bring-your-own-device (BYOD); corporate owned, personally enabled (COPE); corporate owned, business only (COBO); as well as environments with multiple user interfaces and operating systems.
* Secure mobile applications such as WatchDox for secure sync and file share, AtHoc for crisis communication and BBM Protected for messaging.
BlackBerry anticipates the acquisition to be accretive to earnings and cash flow within the first year after closing. It also expects to realize approximately $160 million in GAAP revenue from Good in the first year, including the impact of an expected write-down of certain deferred revenue of the company.