BlackBerry to acquire rival mobile software provider Good TechnologySeptember 4, 2015 - 18:18 AMT PanARMENIAN.Net - BlackBerry Ltd plans to acquire rival mobile software provider Good Technology for $425 million in cash, the Canadian smartphone company said on Friday, September 4, boosting its ability to help companies manage smartphones that run any operating system, Reuters reports. BlackBerry said it expects to realize about $160 million in revenue from the acquisition in the first year once the deal closes. Waterloo, Ontario-based BlackBerry pioneered smartphones, but after losing ground to Apple Inc and Samsung electronics Co, the company is shifting its focus to providing software and services for enterprise customers. "We are in an incredibly competitive market and speak to many of the same customers. What has been clear throughout has been that Good and BlackBerry share similar philosophies," said Good Chief Executive Christy Wyatt in an interview posted on BlackBerry's news site on Friday, according to Reuters. J.P. Morgan Securities LLC and Bank of America Merrill Lynch advised Good on the deal, BlackBerry said. The company said it expects the deal to close late in its fiscal third quarter, which runs through late November. BlackBerry's U.S.-listed shares were up 3 percent at $7.68 in premarket trading. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. |