After the acquisition of WatchDox and Athoc, BlackBerry continue to buy companies specialized in applications destined to enterprises. In fact, on Friday, Blackberry announced that it would buy Good Technology for $425 million in cash. Good is an American company based in California, which develops mobile applications for businesses in order to secure their mobile devices.
This buyout will reinforce Blackberry’s position and will increase its enterprise software revenue stream as Good has a significant range of clients. BlackBerry is also interested in patents Good owns. Good technology provides its services today over 6,000 companies. It has a solid presence in enterprises and governments around the world.
The CEO of Blackberry highlighted this added value in a recent blog post: “By acquiring Good, BlackBerry will better solve one of the biggest struggles for CIOs today, especially those in regulated industries: securely managing devices across any platform”.
Nevertheless, this gathering would encounter difficulties as the two CEO, Chen and Christy Wyatt, demonstrated several times disagreements. They have two different enterprise cultures and they don’t hesitate to bash the other. This deal will be concluded at the end of the BlackBerry’s third fiscal quarter of 2016 and we believe that BlackBerry has a lot to gain from this acquisition.