Good Technology is a Sunnyvale, California-based provider of a secure enterprise mobility platform. Led by chairman and CEO Christy Wyatt, the company enables mobility for more than 5,000 organizations in over 180 countries. Its customers include commercial banks, aerospace and defense firms, and organizations across healthcare, pharmaceutical, manufacturing, insurance, telecommunications, legal, government and technology sectors. The company closed $80M in financing and intends to use the funds to continue to grow operations. Oppenheimer & Company served as the sole book-running manager on the transaction. No additional financial terms or instruments were disclosed in the article. Good Technology offers enterprise mobility technologies across multiple platforms, including security and management software and a developer platform. Its product suite includes Good for Enterprise, Good for Government, Good for OEM Device Manufacturers/Carriers and Good Dynamics, with an emphasis on enabling enterprise developers and ISVs to create secure mobile apps. The company operates in the fast-consolidating MDM market and positions itself to benefit from the accelerating BYOD trend that is changing IT management. Market activity includes larger enterprise vendors acquiring MDM capabilities (for example, Citrix’s acquisition of Zenprise). Financially, Good recently filed an SEC notice showing a $50M raise and is reportedly seeking a total of $60M. The company, founded in 1996 and headquartered in Sunnyvale, Calif., has been reported to be pursuing an IPO later this year. Good Technology's core product, Good for Enterprise, enables enterprises to securely communicate and run applications on a variety of mobile devices, offering the level of safety the company says is used by the Department of Defense and Department of Homeland Security. Until recently the product supported devices running Symbian and Windows Mobile, but rising employee demand for iPhone, Android and Palm Pre phones is driving broader device support. The company sees a market opportunity as 80% of enterprises reported employees clamoring for new mobile options and about 28% reported security breaches from unsupported devices. In May Good Technology acquired Intercasting, a cell phone software developer that aggregates social networking data, positioning it to compete more directly with Research In Motion in mobile email and related services. Good is a spin-off from Motorola that teamed up with Visto, and the combined business has accumulated substantial venture funding. The company is based in Redwood City, Calif.

Total raised

$130M

Funding rounds

3

Latest round

Equity

Latest activity

Oct 2014