BlackBerry to buy security firm Good Technology for $425 million

BlackBerry will buy rival mobile software provider Good Technology for $425 million, to boost its ability to help corporate clients manage smartphones.

Sourced through Scoop.it from: timesofindia.indiatimes.com

BlackBerry Ltd will buy rival mobile software provider Good Technology 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 products such as the iPhone.   Relations between BlackBerry and Silicon Valley-based Good had long been tense. The companies settled a series of patent lawsuits in 2004, but as recently as January 2015, BlackBerry critiqued one of Good’s product announcements in a blog post, annotating the rival company’s press release in red ink.  “There is a very long history here. We are in an incredibly competitive market and speak to many of the same customers,” said Good chief executive Christy Wyatt in an interview posted on BlackBerry’s news site.  Wyatt said her company’s technology would boost BlackBerry’s ability to manage ‘Internet of things’ devices, supporting wearable technology such as the Apple Watch and Android-based competitors.   BlackBerry has recently made acquisitions to expand its services business, and in July Chen said the company would likely make more. On Friday, he compared the acquisition of Good with previously announced deals for Secusmart, Movirtu and WatchDox.

See on Scoop.itInternet of Things – Company and Research Focus

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