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BlackBerry buys Good Technology

Discussion in 'General Business and Entrepreneurship' started by EF-Roger, Sep 6, 2015.

  1. EF-Roger

    EF-Roger Entrepreneur

    Canada’s BlackBerry Ltd said on Friday it will buy rival mobile software provider Good Technology Corp for $425 million, to boost its ability to help corporate clients manage smartphones running on different operating systems.

    The cash deal may help BlackBerry, a one-time smartphone pioneer, win new customers for its services business, a priority as it shifts focus to device management software for enterprise customers. More than half the devices running on Good’s systems are Apple Inc products such as the iPhone.

    BlackBerry said it expects to realize about $160 million in revenue from the acquisition in the first year after the deal closes, expected by late November. Its Toronto listed shares were up 1.1 percent at C$7.97 in early trading.

    Read more BlackBerry buys Good Technology in a bid to better position its enterprise services | The Indian Express

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