Deals

Good Technology buys Intercasting to strengthen mobile email

Good Technology, provider of mobile email services, has bought Intercasting, maker of cell phone software that aggregates and serves social networking data, to strengthen its offerings and challenge Research in Motion, the leader in the space. In particular, the company hopes to become more competitive in the mobile email space.

Good originally broke off from Motorola, and joined forces with similar RIM rival Visto Corp. Together, they have a formidable amount of capital — with Santa Clara, Calif.-based Good raising $220 million from Advanced Equity, Bank of America Venture Partners, Benchmark Capital, Broadview Capital Partners, Crosslink Capital, Kleiner Perkins Caufield & Byers, k1 Ventures and Scale Ventures. Visto, headquartered in Redwood City, Calif., brought $315 million more to the table from Allegis Capital, Blueprint Ventures, Bessemer Venture Partners, Draper Fisher Jurvetson, DFJ ePlanet Ventures, GKM Venture Partners, Meritech Capital Partners, New Enterprise Associates, Oak Investment Partners and Rustic Canyon Ventures.

And now the entity, under the banner Good Technology, has pulled in Intercasting, which had raised $17.5 million from Avalon Ventures, Masthead Venture Partners and Venrock. In addition to technology with a social-networking bent, the acquisition should extend Good’s reach to more mobile phones, the company says.