BlackBerry to buy rival Good Technology for $425 million

By Allison Martell TORONTO (Reuters) – Canada’s BlackBerry Ltd said on Friday it will buy rival mobile software provider Good Technology Corp for $425 million, to boost its ability to help corporate clients manage smartphones running on different operating systems. The cash deal may help BlackBerry, a one-time smartphone pioneer, win new customers for its services business, a priority as it shifts focus to device management software for enterprise customers. BlackBerry said it expects to realize about $160 million in revenue from the acquisition in the first year after the deal closes, expected by late November.

Quoted from BlackBerry to buy rival Good Technology for $425 million on Gadgets News Headlines – Yahoo! News

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