Blackberry (NASDAQ:BBRY) ( TSE:BB ) advanced to the highest in a month after the Canadian smartphone maker agreed to get its rival mobile safety computer software maker Good Technology for $425mln in cash. Nevertheless, analyst group TechMarketView argued the news is a sign of how far Good Technology has fallen from a billion-dollar valuation received only two years ago, classing it as a ‘unicorn’ (a start off-up valued at at least $1 billion). TORONTO Canadian smartphone maker BlackBerry Ltd stated it would obtain software program safety provider Good Technology for US$425 million in cash. Certainly, Good Technology claims more than six,000 consumers across banks, aerospace, healthcare, defense firms, and much more.
Very good will bring complementary capabilities and technologies to BlackBerry, which includes safe applications and containerization that protects finish user privacy. The established Great Dynamics platform provides app-level encryption, advanced data loss prevention and safe communication amongst applications. Good’s technology will integrate with BlackBerry’s enterprise portfolio and trusted worldwide network, making a complete management remedy for all mobile devices that protects customers’ security and privacy. With Excellent, BlackBerry will expand its presence with worldwide enterprise and government customers.
This holistic expertise will give clients with higher mobile enterprise productivity, including seamless integration of capabilities across multiple applications, such as BBM, WatchDox, Great Function and other value added services. Great serves a lot more than six,200 organizations, including a lot more than half of the Fortune one hundred, all of the Fortune one hundred industrial banks, aerospace and defense firms, and leaders across healthcare, manufacturing and retail. Great is the only firm certified as Widespread Criteria Evaluation Assurance Level four Augmented (EAL4+) for mobile collaboration on both iOS and Android.
J. P. Morgan Securities LLC and Bank of America Merrill Lynch served as monetary advisors to Good Technology, and each offered a fairness opinion to the board of directors of Good Technology. BlackBerry and connected trademarks, names and logos are the house of BlackBerry Restricted and are registered and/or utilised in the U.S. and nations around the world. Offered the increasing presence of iOS in the enterprise , this was likely a specifically appealing aspect of the acquisition.
BlackBerry has been struggling in the consumer realm for a even though, and has not too long ago begun to focus far more on enterprise mobile security (with offerings such as BES12 ), an location that Good Technology also operates in. Nevertheless, the gloves have often come off among these two in quite public ways, with Good Technology publishing white papers comparing the companies’ offerings — it goes with no saying which company was presented in the far more favorable light.