BlackBerry just struck a deal with the California-based Good Technology and will now be merging its mobile solutions into the already comprehensive enterprise suite. Good was an early competitor to BlackBerry in the industry for software program used by corporations and governments to handle and boost security on employee smartphones. In 2004, Great settled a lawsuit more than wireless e-mail patents by agreeing to pay licensing costs and an undisclosed lump sum to BlackBerry. Maynard Um of Wells Fargo wrote in a note to investors that in addition to providing BlackBerry a lot more consumers, Good’s technology would enable BlackBerry to improve how its application works with Android phones and Apple iPhones.
During a call with analysts, Mr. Chen also stated that Great was stronger than BlackBerry with some groups of clients, especially the military. Although at 1st glance it may possibly appear that this deal outcomes in fewer selections, but the truth is that merging Good Technology into the BlackBerry mix final results in more choices—at least in terms of device choice. Read employee testimonials and ratings on Glassdoor to determine if Good Technology is correct for you.
Good Technology is effectively identified for its capacity to handle devices operating iOS and Windows, which complements BlackBerry’s strengths in managing each BB10 and Android devices. The company will now proceed to integrate the software program solutions of Good into BlackBerry’s personal mix, resulting in one of the most comprehensive suites obtainable for enterprise.
BlackBerry’s hold on the enterprise industry will solidify considerably thanks to this acquisition, which can be observed as more of a defensive acquisition than a development acquisition in some respects. Apart from the computer software and services synergies that are expected, BlackBerry also expects to understand $160 million in income from Excellent during the first year, producing the deal even much more profitable. More than the previous month the stock is up an impressive 17%, which largely reflects the anticipation of the Priv device launch.
Take Stock is The Motley Fool’s free of charge unique email on what is really happening with the share marketplace AND what action you can take NOW to save and aid Develop your portfolio wealth. In early September, the firm announced that it would be acquired by Blackberry (Nasdaq: BBRY) for $425 million. The company was consistently attempting to IPO but seemed to have no genuine concept on how to do that.