BlackBerry Now Officially Owns Good Technology

Enhanced by Very good, BlackBerry will expand its capacity to offer a unified, safe mobility platform with applications for any mobile device on any operating system – supported with safety that has been certified by governments about the globe embedded in every single element of the mobility infrastructure. BlackBerry is searching to combine that expertise with its personal experience in each BlackBerry ten and Android management to offer you customers the ability to help the operating program and devices of their choice. Excellent filed for a public stock providing final year , but had yet to move forward with these plans. As a cofounder at Very good and a hardware product designer, I was top technique on the hardware side of the company.

J. Gold Associates analyst Jack Gold says the move will assist bulk up BlackBerry’s customer base and provides Good with the exit it needed. However, he cautioned that bringing together the two companies’ product lines could be difficult, especially offered public animosity between Chen and Good CEO Christy Wyatt. Must the IPO be a hit, it will mark 1 of the longest, craziest corporate journeys we’ve ever heard of, filled with massive wins and huge disappointments along the way.

Staffing is often subject to company circumstances, but we recognize that the strength of a organization lies in its people and we value the knowledge that the Good group will bring to BlackBerry,” BlackBerry stated in a statement to Re/code. Right now, Good Technology is known for its enterprise mobile safety products, which assists enterprise track and defend fleets of smartphones and tablets. Excellent is possibly most well-known for Trae Vassallo , the powerhouse venture capitalist at Kleiner Perkins. In May possibly 2014, Good filed paperwork hoping for $one hundred million IPO It by no means happened.

Great was founded in 2000 as a firm known as SpringThings, altering its name to Good Technology soon after it launched an e-mail reader competitor to then super-hot organization Research In Motion. Great kept plugging along and in November 2006, Motorola purchased it for somewhere amongst $400 million and $540 million. This technologies is really pricey at this point with the LCS glasses alone costing about $one hundred.

They paid her a $400,000 base salary, a $300,000 signing bonus, and stock alternatives valued at over $19 million that vest more than five years, the S1 reveals. As for Good’s financials from the S1: Good grew revenues from $117 million in 2012 to $160 million in 2013, and posted a loss of -$90 million in 2012 and -$118 million in 2013. Very good should match nicely with BlackBerry, as both companies concentrate heavily on enterprise mobile safety.