Motorola Selling Good Technology Unit To VISTO
Motorola, Inc. (NYSE:MOT) has made a definitive agreement to sell their Good Technology unit to VISTO, A Redwood Shores, California based mobile push company. Good Technology’s services include wireless messaging, mobile VPN, and security services. In order to compete with BlackBerry devices, Motorola bought Good Technology for $500 million two years ago.
Visto offers messaging services to T-Mobile and Vodafone. They are making the purchase from Motorola in order to expand services to their clients. The terms of this acquisition were undisclosed.
“This transaction marks another important milestone in VISTO’s emergence as a worldwide leader for mobile access to applications and content, especially messaging and collaboration data. Good’s robust enterprise and government solution will complement VISTO’s strong operator presence in business and consumer markets,” stated Visto CEO Brian A. Bogosian. “As a result of this transaction, VISTO will now provide customers in over 100 countries an open, robust and secure mobile experience for enterprise customers, on over 400 different mobile devices.”This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry