A Few Thoughts On The BlackBerry

Blackberry has moved additional into the mobile device management space by buying Good Technology for US$425 million m. BlackBerry, which offers technology permitting firms to separate private and organization data on an employee’s device, is betting the deal will assist it address the rising use of Apple’s mobile devices in the workplace, since Very good has a bigger iOS base. In Good’s latest quarter, 64 per cent of new device activations for this kind of technologies have been for iOS devices, Mr Chen mentioned. In that period they sold two assets – Excellent to Visto and their Printrak biometrics enterprise to Safran.

BlackBerry bought German voice encryption firm Secusmart last year It snagged WatchDox , an enterprise file security organization, back in April. It really is not just a pure mobility play, even so as both companies have also begun focusing on Web of Issues technologies. Great mentioned it expected to attempt to raise up to $one hundred million when it initial filed its public plans last May but hasn’t said anything about how considerably it may well seek in an IPO in its filings considering that then.

All round, this looks like it could be a good deal for both companies, giving Good Technologies a soft landing without possessing to danger the dangers of IPOing in an increasingly hostile marketplace, whilst filling out BlackBerry’s growing safety platform with out putting out a huge amount of cash. Good Technology continues to narrow its losses while expanding its income, the mobile device management company reported in an updated IPO filing on Thursday. So far in 2015, BlackBerry has drastically underperformed the market, with the stock down practically 34% year to date.

Other investors who own more than five percent of the firm are Lazard Technology Partners (7.2 %), Meritech Capital Partners (six.2 %) and Saints Rustic Canyon (6. %). It raised $175 million in an offering that topped expectations and its stock remains about 36 percent above its IPO price despit providing up half of its very first day jump in January. Despite that good sign, there are no Bay Location organizations on the quick IPO calendar is what has been a significantly slower begin on new offerings than final year. Like most great tech stories Excellent Technology’s story it includes a very good slice of luck (many, in reality).

Renaissance Capital , which manages an IPO index fund, reports that so far this year the quantity of Wall Street debuts has dropped by 35 percent to 26 and the quantity raised is down 44 percent to $four billion. BlackBerry will integrate Good’s software solutions and services with its personal software program suites to provide what it believes is the industry’s most full end-to-finish answer that secures the whole mobile enterprise, across all platforms and applications even though safeguarding personal privacy. BlackBerry anticipates this acquisition to be accretive to earnings and money flow inside the initial year following closing.