Waterloo's BlackBerry to buy Good Technology for US$425 million; gets complementary products

BlackBerry Ltd. expects to strengthen its position in the Apple world by integrating California-based Good Technology and its products through a US$425-million friendly acquisition announced Friday. The pioneering smartphone company, based in Waterloo, said two-thirds of Good Technology's product activations are on devices using Apple's iOS and the rest are on Android and Windows devices.

"What's most attractive to me is that the product platforms are extremely complementary," said Mr. John Chen, BlackBerry executive chairman, "The combination of BlackBerry and Good will have market leadership and critical mass."

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