Canadian smartphone maker BlackBerry announced Friday it has reached an agreement to acquire competitor Good Technology for $425 million in cash. The firm also expects to understand roughly $160 million in revenue from Good in the initial year, including the impact of an expected write-down of particular deferred revenue of Excellent. Combined, BlackBerry solves one particular of the biggest challenges for CIOs – to securely handle all types of deployment models for any device operating system platform, no matter whether on-premise or in the cloud. Glassdoor has 162 Good Technology evaluations submitted anonymously by Good Technology staff.
BlackBerry’s completion of the Very good acquisition brings two major firms in the mobile safety space collectively to offer you a safe cross-platform EMM resolution. Good brings extra value to the BlackBerry platform by supplying powerful application containerization on iOS and Android, and will give solutions to containerize custom and third-party applications.
Shares of BlackBerry up .9% at $7.36 early Monday, with a consensus analyst price tag target of $7.17 and a 52-week trading variety of $5.96 to $12.63. Its more than guys… I usually root RIM to make a large come back, but with this acquisition its pretty much confirmed dead. Compared to a regular-concern Blackberry this has the benefit of getting a) smaller and sleeker b) not producing us look like a corporate dinosaur and c) getting capable of running Angry Birds.
Less device congestion: This saves us possessing to lug around ridiculous combinations like personal smartphone + work mobile + work Blackberry. As an example I want to look at Good Technology Firstly because they one particular of the most profitable standalone BYOD vendors, and are carrying out some really interesting things about building a platform (I Adore platforms).
For years it puttered along supplying push e-mail , burning money , and suing any individual who infringed its patents Feel Blackberry crossed with a patent troll, minus the hardware enterprise. And at the identical time Motorola was also searching to sell non-core assets such as Good Technology, an enterprise-focused email provider it had bought for a cool $438m for just a year earlier. It looks someone put put two and two with each other, settled the litigation and threw Very good Technologies into the deal to boot. The deal was so great (no pun intended) that right after closing the acquisition in early 2009 Visto renamed itself after the target.