BlackBerry has reached a deal to acquire its rival in the market of security software for mobile devices Good Technology. This is stated in the press release of the canadian company.
The amount of the transaction, which will be made in cash, a $425 million transaction is expected to close in the third quarter of the 2016 financial year after obtaining the approval of regulatory authorities. BlackBerry expects to receive from Good Technology revenue of $160 million in the first year after the transaction.
“The acquisition of Good Technology will help the company BlackBerry is more efficient to overcome the difficulties it is facing today”, – stated in the message BlackBerry.
Canadian company BlackBerry was founded in 1984. The headquarters are located in Waterloo (Ontario). Today, BlackBerry holds a small share in the global mobile market, but its “chip” is a mobile security. The recent creation of a corporate software has become a new priority for BlackBerry, which recently failed to return to our former position in the smartphone market.
Good Technology specializes in developing software with high level security for mobile devices used in the corporate sector. The company’s customer base Good Technology encompasses 6200 companies in 189 countries around the world, including Barclays PLC and Northern Trust Corp. Estimated Mobility Index Report, 64% of customers use Good Technology iOS device.