SCHAUMBURG, Ill., and SANTA CLARA, Calif., 10 November 2006 ? Motorola, Inc. (NYSE: MOT) and Good Technology, Inc. today 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.