SCHAUMBURG, Ill., and SANTA CLARA, Calif., Nov. 10 /PRNewswire-FirstCall/
-- 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.
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.
Motorola is known around the world for innovation and leadership in
wireless and broadband communications. Inspired by our vision of Seamless
Mobility, the people of Motorola are committed to helping you get and stay
connected simply and seamlessly to the people, information, and entertainment
that you want and need. We do this by designing and delivering "must have"
products, "must do" experiences and powerful networks -- along with a full
complement of support services. A Fortune 100 company with global presence
and impact, Motorola had sales of US $35.3 billion in 2005. For more
information about our company, our people and our innovations, please visit
About Good Technology
Good Technology makes mobile computing easy and essential for everyone.
The company's flagship products, Good(TM) Mobile Messaging (formerly
GoodLink), Good Mobile Intranet and Good Mobile Defense, securely extend IBM
Lotus(R) Domino(R), Microsoft(R) Exchange, and other enterprise systems to a
variety of the most popular smartphones and networks. Good's software and
managed service deliver a rich user experience, low total cost of ownership
through Secure Over-The-Air(TM) management, industry-leading security and
enterprise-class support and service. Good Technology products are available
through authorized wireless carriers, value-added resellers and directly
through Good Technology. GOOD(TM), the GOOD and Design logo(TM), GOODLINK(TM)
and GOOD TECHNOLOGY(TM) are Good Technology's primary trademarks. Other marks
belong to their respective owners. For more information visit
MOTOROLA and the stylized M Logo are registered in the US Patent &
Trademark Office. All other product or service names are the property of
their respective owners.