BlackBerry has purchased enterprise mobility management competitor, Good Technology, for $425 million.
“There is a very long history here. We are in an incredibly competitive market and speak to many of the same customers,” said Christy Wyatt, Good Technology CEO.
The acquisition of Good Technology was announced in a blog post on BlackBerry’s online portal.
BlackBerry through its COO, Marty Beard, had nothing but praises for its former competitor.
According to Beard, “The two companies share an unrelenting commitment to security and privacy on behalf of our customers.”
Wyatt also expressed a similar sentiment, saying, “What I am most excited about is that our customers will benefit the most from the powerful combination of Good with BlackBerry.”
Beard further elaborated that his company, together with Good, is looking to provide the market with the “most comprehensive secure mobility platform.”
BlackBerry will also have the ability to easily introduce product offerings to the rest of Good Technology users on iOS, which has 60% of devices using Good’s solutions, Windows, or Android operating systems.
BlackBerry has projected the deal will yield $160 million in revenue on the first year.
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