Canadian smartphone manufacturer BlackBerry has moved to improve its enterprise mobility portfolio with the acquisition of mobile device management software firm Good Technology. The Renaissance IPO Index® (IPOUSA) is a stock market index based upon a portfolio of U.S.-listed newly public organizations that consists of securities prior to their inclusion in core U.S. equity portfolios. The Renaissance International IPO Index® (IPOXUS) is a stock market index primarily based upon a portfolio of newly public organizations listed on non-U.S. exchanges. The S&P 500® Index (SPX) is a stock industry index based on the market place capitalizations of 500 big companies whose frequent stock is publicly traded on the NYSE.
Definitions: The Renaissance IPO Index® is a stock market place index primarily based upon a portfolio of U.S.-listed newly public firms that involves securities prior to their inclusion in core U.S. equity portfolios. The S&P 500® Index is a stock industry index primarily based on the marketplace capitalizations of 500 massive companies whose widespread stock is publicly traded on the NYSE.
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The Waterloo, Ontario-primarily based business mentioned in a statement on Friday that it expects to recognize about $160mln in revenue from the acquisition in the initial year after the deal closes late in its fiscal third quarter. Sunnyvale, California-primarily based Good Technology competes with Blackberry in supplying computer software that allows organizations to manage mobile devices utilized by workers on corporate networks. This implies $4m of revenues for Great in Jan-Feb implying a $25m annualised run-rate.
It is a intelligent acquire offered Excellent Technology’s track record in offering BlackBerry-like solutions across mobile platforms such as iOS, Windows and Android. It is also fascinating (and ironic) to note that Good Technology delivers(ed) items to assist enterprises securely transition from BlackBerry to iOS and Android. The combination of Good and BlackBerry will probably put further stress on the rest of the businesses in the EMM space. BlackBerry anticipates the acquisition to be accretive to earnings and money flow inside the 1st year soon after closing.