BlackBerry has entered into a definitive agreement to acquire Good Technology for USD 425 million in cash. Good will bring complementary capabilities and technologies to BlackBerry, including secure applications and containerisation to protect end user privacy. With Good, BlackBerry will expand its ability to offer cross-platform EMM software for deployment models such as bring-your-own-device (BYOD); corporate owned, personally enabled (COPE); and environments with multiple user interfaces and operating systems.
Good has expertise in multi-OS management with 64 percent of activations from iOS devices, followed by a broad Android and Windows customer base. The Good Dynamics platform provides app-level encryption, advanced data loss prevention and secure communication between apps. The platform has more than 2,000 independent software vendor and custom apps built today.
BlackBerry's acquisition will expand its presence with global enterprise and government customers. The company expects the transaction to be completed toward the end of the company’s 2016 fiscal third quarter and is subject to customary closing conditions. The acquisition is expected to add to earnings and cash flow within the first year after closing. BlackBerry also expects to realise approximately USD 160 million in GAAP revenue from Good in the first year, including the impact of an expected write-down of certain deferred revenue of Good.
