Deals

Good Technology shows its cards for BoxTone deal: $101M (Update)

Update: The filing is actually to “acknowledge the issuance of securities that [Good Technology] used for the BoxTone acquisition,” the company said at 10:45 a.m. Pacific in an email to VentureBeat, not a conventional funding round as we reported earlier. 

In a regulatory filing today, Good Technology has shown just how much it was willing to annie up for mobile device management company BoxTone.

The filing with the U.S. Securities and Exchange Commission lists a total of just under $101 million dollars in equity, securities, and options. Terms were not originally disclosed when the company announced its acquisition of BoxTone back in February.

Good Technology provides mobile device security and management solutions for large enterprises and government agencies, and it competes with Citrix-owned Zenprise.

BoxTone provides a unified management suite of real-time automation technology for the entire mobile lifecycle: device, support, operations, and business management.

This acquisition is right in line with the trend of larger enterprise companies doubling down on their offerings for mobile security, management, and control as “Bring You Own Device” policies become more popular. In January, VMWare purchased AirWatch, as we reported, and IBM announced its acquisition of Fiberlink Communications back in Nov. 2013.

Analysts previously thought the company’s next move after raising last year’s round would be to go public. The company even hired four investment banks to help them explore the possibility of an IPO and also poached experienced executives from Motorola, HP, and Cisco.

Good Technology is headquartered in Sunnyvale, Calif., and was established in 1996.

More about the companies and people from this article:

Kleiner Perkins Caufield & Byers (KPCB) is a world-leading venture capital firm located on Sand Hill Road in Menlo Park in Silicon Valley. The Wall Street Journal has called it one of the "largest and most established" venture capital ... read more »

Benchmark Capital is a venture capital firm, responsible for the early stage funding of some very successful startups. Started in 6/1995, the company has invested in more than 150 start-ups including eBay, Ariba,Juniper Networks, Red H... read more »

Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $7 billion in capital commitments. The firm has funded well-known technolo... read more »

Good Technology provides multi-platform enterprise mobility, security and management software. Product offerings include those Good for Enterprise, Good for Government, Good for OEM Device Manufacturers/Carriers and Good Dynamics, the ... read more »

Powered by VBProfiles

0 comments