BlackBerry to acquire Good Technology for $425 million

Reuters News
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Posted: Sep 04, 2015 8:13 AM

(Reuters) - Canadian smartphone maker BlackBerry Ltd said it would acquire software security provider Good Technology for $425 million in cash.

BlackBerry said it expects to realize about $160 million in revenue from the acquisition in the first year once the deal closes.

(Reporting by Anannya Pramanick in Bengaluru; Editing by Anil D'Silva)