Good Technology Raises $50 Million

Posted Apr 29, 2013

Good Technology is a mobile device management company that has raised $50 million as pointed out in an SEC filing.  Good Technology plans on raising a total of $60 million.  Good Technology was founded in 1996 and is based in Sunnyvale, California.  Good Technology has received funding from Oak Investment Partners, DFJ, Meritech Capital Partners, DFJ ePlanet Ventures, DFJ Growth Fund, Rustic Canyon Ventures, GKM, Blueprint Ventures, and Allegis Capital.

Good Technology’s products includes Good For Enterprise, Good For Government, Good For OEM Device Manufacturers/Carriers, and Good Dynamics.  Good Technology offers enterprise mobile technology across multiple platforms and security.  The company is especially useful for large companies where people use their personal smartphones and tablets on corporate networks.

Good Technology plans to go the IPO route and they have hired four investment banks to help with the process.  The IPO is expected to happen later this year with a valuation of over $1 billion.  The four banks involved in the process include Morgan Stanley, Barclays PLC, Bank of America Corp., and Citigroup Inc.