Motorola, Inc. and Good Technology, Inc. announced that the companies have signed a definitive agreement under which Motorola will acquire privately held Good Technology, a leader in enterprise mobile computing software and service. Terms of the transaction were not disclosed.
Good Technology, based in Santa Clara, is a strategic addition to Motorola’s Mobile Devices business. The acquisition will extend Motorola’s mobile computing capabilities and increase the company’s enterprise client base. Good Technology’s wireless messaging, data access and handheld security offerings provide intuitive and advanced productivity solutions for mobile professionals with enterprise-level device security and management.
Motorola will build upon Good Technology’s customer and carrier relationships by maintaining its multi-device strategy. Good Technology’s software and service offerings have been chosen by more than 12,000 enterprises around the world. In addition, Good Technology’s highly reliable, secure connectivity platform offers the potential to power applications beyond email while extending to customers beyond the enterprise.
“The addition of Good Technology will advance Motorola’s vision of seamless mobility,” said Ron Garriques, president, Motorola Mobile Devices business. “Good Technology’s solutions, talent and customers complement Motorola’s business and extend our ability to deliver compelling products and services to enterprise customers. Good Technology’s software and managed service deliver a rich user experience, low cost of ownership, industry- leading security and enterprise-class support. These competitive differentiators have led many enterprise customers to choose Good Technology. This acquisition will continue to strengthen Motorola as a leading provider of mobility devices and solutions both for enterprise customers and consumers.”
“This is an exciting milestone for our company, and we look forward to scaling our growth as part of Motorola,” said Danny Shader, chief executive officer and president of Good Technology. “Motorola’s global reach, scale, widely recognized brand and worldwide carrier and customer relationships make it the ideal partner for Good Technology. Our combined teams will create exciting growth opportunities for Good Technology, our customers and our employees. We look forward to working with the Motorola team to ensure a rapid and seamless transition.”
Motorola has an existing business relationship with Good Technology using Good Mobile Messaging on the Motorola Q.
The acquisition, which is subject to regulatory and other customary conditions, is expected to close in early 2007.
Business Risks.
The statements in this release that are not historical facts are forward- looking statements based on current expectations and involve risks and uncertainties. Such forward-looking statements include, but may not be limited to, statements about the anticipated timing of the transaction and the potential impact the acquisition will have on Motorola. Motorola wishes to caution the reader that the factors below and those contained in Item 1A of Motorola’s Form 10-K for the year ended December 31, 2005, as amended, and in its other SEC filings could cause Motorola’s results to differ materially from those described in the forward-looking statements. These factors include: (i) unforeseen factors that could impact the timely completion of the transaction on the terms described, (ii) difficulties in integrating the operations of the newly acquired business and achieving strategic objectives, (iii) difficulties in retaining employees at Good Technology, (iv) difficulties and delays in the further development, production, testing and marketing of acquired technologies, (v) uncertainties related to broader deployment of relatively new technologies, including customer acceptance of the products and technologies, (vi) the ability to differentiate our products and compete with other companies in the same markets and (vii) the general outlook for the economy and the telecom industry.
