BlackBerry consolidates the mobile device management industry a bit with a deal to acquire Good Technology for $425 million in cash.
The company thinks that it’ll close the deal by the end of November and start making money from Good’s business right away, to the tune of $160 million in revenue in the first year.
During the last years BlackBerry was heavily struggling. To give you a sense of how far it has fallen, according to comScore, in September, 2009 BlackBerry led US mobile marketshare with more than 42 percent. In the most recent report from July, it had fallen down to 1.5 percent.
In BlackBerry’s press statement the management said that by acquiring Good, BlackBerry will better solve one of the biggest struggles for CIOs today, especially those in regulated industries: securely managing devices across any platform.
By providing even stronger cross-platform capabilities customers will not have to compromise on their choice of operating systems, deployment models or any level of privacy and security,” said John Chen, BlackBerry Executive Chairman and CEO. “Like BlackBerry, Good has a very strong presence in enterprises and governments around the world and, with this transaction, BlackBerry will enhance its sales and distribution capabilities and further grow its enterprise software revenue stream.”
Techcrunch article BlackBerry Goes Shopping Again, Buys Good Technology
Official BlackBerry Press statement: http://www.marketwired.com/press-release/blackberry-to-acquire-good-technology-nasdaq-bbry-2052953.htm