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 | Welcome to CaseKey 2024. Byblos Bank Armenia firmly stands by future innovators Strategic business cases, invaluable experience, innovative approaches and more than 25 events are in store for the participants of CaseKey 2024. Macron honors Charles Aznavour on 100th anniversary French President Emmanuel Macron has paid tribute to the memory of French-Armenian crooner Charles Aznavour. Erdogan’s approval rating falls below 40 percent: survey A total of 53.4 percent of respondents said they disapprove of the performance of Erdoğan. Blinken says U.S. reviewing a number of aid requests from Armenia He said the U.S. is reviewing the requests to determine what more it can do to increase its assistance to Armenia. |