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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |