BlackBerry buys Good Technology for $425 mn

By: |
Ottawa | Updated: September 4, 2015 10:46:16 PM

Canadian smartphone maker BlackBerry today bought rival mobile security provider Good Technology for USD 425 million in a move to broaden its software sales.

blackberryCanadian smartphone maker BlackBerry today bought rival mobile security provider Good Technology for 5 million in a move to broaden its software sales. (Reuters)

Canadian smartphone maker BlackBerry today bought rival mobile security provider Good Technology for $425 million in a move to broaden its software sales.

With its consumer smartphone sales sagging in recent years, BlackBerry turned to mobile security for governments and corporations, a market in which Good Technology also operates.

Good Technology of Sunnyvale, California serves more than 6,200 organizations, including banks, aerospace and defense firms, as well as healthcare, manufacturing and retail firms. Its software secures devices that use mostly Apple, but also Android and Windows operating systems.

BlackBerry is the mobility partner of all G7 governments, 16 of the G20 governments, the world’s top banks and law firms as well as healthcare, investment and oil and gas companies. Blackberry’s strength is in security for its own BBM operating system as well as Android.

“Enhanced by Good, BlackBerry will expand its ability to offer a unified, secure mobility platform with applications for any mobile device on any operating system — supported with security that has been certified by governments around the world embedded in every component of the mobility infrastructure,” BlackBerry said in a statement.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Edelweiss Group signs Saina Nehwal as brand ambassador
2Honda launches ‘Celebration Edition’ of Amaze, Mobilio
3Suzlon seeks shareholders nod to raise Rs 5,000 crore