BlackBerry Buying Good Technology to Grow Mobile Security Expertise
The move is a smart one that will help BlackBerry as it moves even deeper into mobile security software, according to analysts.BlackBerry is buying mobile security company Good Technology in a $425 million deal that will bolster BlackBerry's enterprise security offerings and add to its expertise in the growing security market. The deal, which was announced Sept. 4 by the companies, comes as BlackBerry has been continuing to make significant moves in software acquisitions for some time as its mobile device sales have fallen in a market crowded with Apple iPhones, Samsung Galaxy devices and others. "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," John Chen, the CEO and executive chairman of BlackBerry, said in a statement. "By providing even stronger cross-platform capabilities our customers will not have to compromise on their choice of operating systems, deployment models or any level of privacy and security. 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." The acquisition will bring Good's complementary capabilities and technologies to BlackBerry, including secure applications and containerization that protects end user privacy, according to the companies. At the same time, Good's products will be integrated with BlackBerry's enterprise portfolio and global network to help protect customers.
"Enterprise customers today demand stringent security and the most flexible platform across all mobility strategies," Christy Wyatt, chairman and CEO of Good, said in a statement. "We are excited to join BlackBerry, where together we will be the most comprehensive mobile platform in the market. Our trusted Good solutions will also help BlackBerry to accelerate its Internet of Things platform for managing endpoints beyond mobile devices."