BlackBerry To Purchase Good Technology For $425M, Combining #2 And 3 Vendors In Enterprise Mobility

However as part of the shift away from traditional Pc architectures towards a cloud/Post-Pc globe I think these two diverse worlds are now beginning to converge. MB: As Christy talked about earlier, Good technology will contribute to the growth of our Web of Items platform to go beyond mobile devices and handle new, connected endpoints. CW: In addition to smartphones and tablets running iOS, Android, Windows Phone, BlackBerry 10 and BlackBerry OS, Very good will allow BlackBerry to add support for wearables. As the transaction is not anticipated to close until the BlackBerry’s 2016 fiscal third quarter, we’ll be positive to keep IBB readers updated on further specifics concerning today’s news. Did not infringe Good Technology’s patents and that some of these patents had been invalid.

The user’s Twitter account and/or personal website, any corporate web site, or any comments contained on any of the foregoing have not been reviewed by BlackBerry and do not constitute an endorsement by BlackBerry. Good Technology filed to go public in May possibly 2014, but did not appear in a rush to make it to the industry: It had never listed a potential value variety for shares, nor supplied far more than a placeholder target of $100 million for an initial public supplying. In an updated IPO filing from March , the organization reported 2014 income of $211.9 million, up from $160.four million the previous year.

Very good reduce down on its operating losses, which had jumped to $115.9 million in 2013 from $89.4 million in 2012, reporting an $83.9 million loss from operations for 2014. I believe it must be a reminder that a lot of these unicorn firm valuations of $1 billion or more are not what a lot of IPO investors would pay or a sophisticated technologies organization would pay,” Hamadeh stated.

Hamadeh added that we’re probably to see much more bargains involving unicorns becoming acquired for far reduce totals than preceding valuations. In a weblog post ,Christy Wyatt, the company’s chief executive, stated Good would bring added security to BlackBerry’s goods. Great and BlackBerry have truly been fierce competitors at times in the region of safe mobile communications. One particular of the main disadvantages of the Blackberry Playbook is that the OS is proprietary.

On Friday, BlackBerry announced that it has agreed to acquire Good Technology for $425 million in cash Based in California, Good Technology delivers safe email, applications and communications solutions to big organizations and government agencies. Very good will also deliver to Waterloo, Ontario-based BlackBerry a wider lineup of enterprise and government customers.