BlackBerry Drops $425M On Calif. Mobile Security Co.

Law360, New York (September 4, 2015, 1:26 PM EDT) -- BlackBerry Ltd. said Friday that it will drop $425 million in cash to acquire California-based mobile security company Good Technology, continuing an acquisitions spree with key buys of security- and privacy-focused assets.

BlackBerry said it inked a definitive agreement to acquire Good, a Sunnyvale, California-based secure mobility provider that has a strong presence in businesses and governments around the world, bolstering its enterprise mobility business as BlackBerry continues to revamp itself with software-driven buys.

“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,” BlackBerry...

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