BlackBerry has acquired mobile security company Good Technology in a $425 million cash transaction. However, the deal may surprise some, given that the two companies have often come to (verbal) blows in the past.
“Some people may not realize it, but BlackBerry and Good [Technology] have both been delivering secure mobility for more than a decade,” explained BlackBerry chief operating officer Marty Beard in a BlackBerry-instigated Q&A. “Our industry is very competitive and is constantly evolving, so it’s not surprising that we’ve each taken some aggressive positions over the years. But when you look more closely, you see that we share a common heritage in security and our strengths complement each other incredibly well.”
While it’s no secret where BlackBerry sees its future heading, this deal is a clear sign that it’s doubling down on the mobile security market. Indeed, Good Technology claims more than 6,000 clients across banks, aerospace, healthcare, defense firms, and more.