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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.
Relations between BlackBerry and Good have been tense at times.
In January 2015, after Good announced a new system that would
make it possible to measure a smartphone user's personal and
business data usage, BlackBerry posted a version of Good's
release that it had annotated with red ink, questioning its
novelty and promoting its own, competing service.
"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.
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.
(Reporting by Anannya Pramanick in Bengaluru and Allison Martell
in Toronto; Editing by Anil D'Silva and Chizu Nomiyama)
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