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BlackBerry Ltd.NASDAQ
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  • Sep. 4, 2015, 5:58 PM
    • "With the majority of Good’s customers using iOS or Apple devices, we view this acquisition as positive for BlackBerry’s (NASDAQ:BBRY) ability to broaden its customer reach, especially with our survey work indicating ongoing share gains for Apple in the enterprise market," writes Canaccord's Mike Walkley about BlackBerry's $425M deal to buy enterprise mobility management (EMM) software rival Good Technology. "[Good] should also help BlackBerry build on its two new technology licensing deals announced last quarter."
    • At the same time, Walkley notes some of Good's revenue comes from BlackBerry licensing payments, and argues BlackBerry still "faces the challenging task of selling not just EMM subscriptions but must also upsell increasing amounts of [value-added services] and close additional technology licensing deals to meet its [FY16] software-related sales target."
    • Morningstar's Brian Colello: "Good ... has been a leader in EMM for quite some time, as evidenced by Gartner’s rating of Good as a 'Leader' in its magic quadrant for EMM in June 2015 (versus a 'Niche Player' rating for BlackBerry). We anticipate that the combination will lead to more advanced products and a growing customer base over time." In addition to Good, IBM, Citrix, VMware (AirWatch), and MobileIron are in Gartner's Leaders quadrant.
    • UBS' Amitabh Passi: "Good serves more than 6,200 organizations, with particular strength in Government, [aerospace & defense], healthcare, and commercial banks. Good with its Good Dynamics platform will also bring access to over 2000 independent software vendor (ISV) apps."
    • VentureBeat's Jack Gold notes questions remain about integrating Good's platform with BES. "BlackBerry does have experience here with its many recent acquisitions, but Good has much more technology to integrate than the previous acquisitions did, and far more overlap in capabilities. And the cultures of the two companies are different ... I expect [integration] will be successful given [John Chen's] track record, but it may not be without some 'potholes' along the way."
    • After opening higher in response to the deal, BlackBerry closed down 2.4% amid a 1.1% Nasdaq drop. M&A hopes helped BlackBerry/Good rival MobileIron (NASDAQ:MOBL) rise 3.9%.
    | Sep. 4, 2015, 5:58 PM | 139 Comments
  • Sep. 4, 2015, 8:08 AM
    • "By acquiring Good, BlackBerry (NASDAQ:BBRY) will better solve one of the biggest struggles for CIOs today, especially those in regulated industries: securely managing devices across any platform," says CEO John Chen.
    • The $425M cash deal is expected to close near the end of 2016 FQ3, and should be accretive to earnings and cash flow within the first year after closing. BlackBerry expects to realize about $160M in GAAP revenue in year one from Good.
    • A conference call is set for 8:30 ET.
    • Shares +4.2% premarket
    | Sep. 4, 2015, 8:08 AM | 109 Comments
  • Jul. 22, 2015, 1:21 PM
    • BlackBerry (BBRY -1.2%) is acquiring AtHoc, provider of a software platform for delivering emergency alerts to PCs, mobile devices, and other hardware. Terms are undisclosed.
    • BlackBerry: "The AtHoc platform will integrate with BlackBerry's enterprise portfolio and trusted global network to offer customers new capabilities ... new applications may include integrating AtHoc solutions with BBM Meetings during an alert to enable live video feeds or transmit messages to provide real-time collaboration by leaders and decision makers." John Chen: "AtHoc is an alerts system, but it also needs richer content and that can be provided by BlackBerry Messenger, which offers not just text, but voice, picture and video sharing, so we can provide a much richer experience to their clients."
    • AtHoc's clients include the DOD and the Department of Homeland Security. Among other things, its platform sends alerts, collects event data from field personnel, helps organizations monitor the location/status of emergency personnel, and helps organizations share data during an event.
    • The purchase follows BlackBerry's April acquisition of enterprise file-sharing/syncing platform WatchDox.
    | Jul. 22, 2015, 1:21 PM | 71 Comments
  • May 15, 2015, 3:58 PM
    • U.K. financial blogger Betaville reports hearing Microsoft has asked Deutsche and Goldman to "examine whether it should purchase BlackBerry (BBRY +0.2%)." BlackBerry briefly shot higher on the report - shares were up as much as 7% at one point - but quickly gave back its gains.
    • Betaville qualified its report by stating it's "market gossip that hasn't been tested through all formal journalistic channels (public relations executives, bankers etc)." To no one's surprise, Microsoft declined to comment.
    • BlackBerry, of course, is 4 months removed from soaring on a Samsung acquisition rumor ... and coming back to Earth after the rumor was shot down by both companies. Lenovo rumors have also occasionally popped up.
    | May 15, 2015, 3:58 PM | 276 Comments
  • Apr. 21, 2015, 10:42 AM
    • BlackBerry (BBRY -0.3%) is buying WatchDox, provider of an enterprise file-sharing/syncing platform that emphasizes security. Israel's Globes reports the purchase price is $100M; Geektime reports it's $150M.
    • With the help of DRM, WatchDox's platform provides "full visibility and control over how files are edited, copied, printed or forwarded" across PCs and mobile devices, and lets companies remotely revoke access to or delete files. Hollywood studios looking to keep scripts from leaking are among the company's clients. Its HQ is in Palo Alto; R&D facilities are in Israel.
    • BlackBerry plans to offer WatchDox's solutions, which can be used in on-premise, public cloud, and hybrid cloud deployments, as a value-added service that complements BES12. The deal follows the December launch of BlackBerry's $6/user/month Secure Productivity bundle.
    • Major enterprise cloud storage/file-sharing platform owner Box (BOX -0.9%) is a notable rival. Box, which says it has sold to over 22% of the Global 2000, recently launched a key management service meant to give clients direct control over the encryption of data stored on Box's platform. It has also bought secure browser developer Subspace.
    | Apr. 21, 2015, 10:42 AM | 93 Comments
  • Feb. 6, 2015, 2:04 AM
    | Feb. 6, 2015, 2:04 AM | 30 Comments
  • Jan. 21, 2015, 7:29 PM
    • Though both companies have issued statements denying M&A talks, Samsung (OTC:SSNLF) is "actively pursuing a plan to take over or buy a significant stake in BlackBerry (NASDAQ:BBRY)," Canada's Financial Post reports.
    • The paper has obtained a document prepped for Samsung by i-bank Evercore that "outlines the case for, and the potential structure of a possible purchase of BlackBerry." Though the doc was created in Q4 2014, a source says Samsung remains interested. “I can tell you Samsung is contemplating a purchase. It’s still being pursued right now. Samsung is still evaluating their options."
    • BlackBerry soared a week ago after Reuters reported Samsung had proposed buying the company for a price between $13.35-$15.49/share. Shares quickly gave back most of their gains after BlackBerry denied having talked with Samsung about a buyout offer. Samsung later provided its own denial.
    • BlackBerry has jumped in AH trading to $10.65.
    | Jan. 21, 2015, 7:29 PM | 202 Comments
  • Jan. 14, 2015, 5:38 PM
    • In response to Reuters' report, BlackBerry (NASDAQ:BBRY) says it "has not engaged in discussions with Samsung (OTC:SSNLF) with respect to any possible offer to purchase BlackBerry."
    • BBRY -11.2% AH. Shares are still up 15% from yesterday's close.
    • Update: The Globe and Mail reports BlackBerry has "shunned a handful of takeover overtures in recent months as its board of directors and largest investor continues to support a restructuring strategy that they expect will deliver greater shareholder value than current acquisition offers."
    | Jan. 14, 2015, 5:38 PM | 103 Comments
  • Jan. 14, 2015, 4:14 PM
    • Samsung (OTC:SSNLF) proposed acquiring BlackBerry (BBRY +29.8%) for a price between $13.35-$15.49/share, according to a Reuters source. BlackBerry closed yesterday at $9.71, and has closed today at $12.60. Shares are up another 3.2% AH to $13.02.
    • According to documents, Samsung's proposed acquisition range implies an enterprise value of $6B-$7.5B, after factoring $1.25B in convertible debt. Execs from both companies reportedly met last week.
    • Reuters states Samsung is interested in BlackBerry's patent portfolio. BlackBerry could also mesh with Samsung's efforts to grow its enterprise presence, strengthen its embedded/IoT offerings, and (though this is easier said than done) lower its Google dependence. The companies announced a BES12-focused enterprise partnership in November.
    • Previously: Samsung reportedly approached BlackBerry about acquisition
    • Update: BlackBerry denies having talked with Samsung about a buyout offer.
    | Jan. 14, 2015, 4:14 PM | 103 Comments
  • Jan. 14, 2015, 3:50 PM
    • Reuters reports Samsung (OTC:SSNLF) approached BlackBerry (NASDAQ:BBRY) about a potential acquisition.
    • BlackBerry has skyrocketed in response. With 118.6M shares (over 24% of the float) shorted as of Dec. 31, short-covering is likely playing a big role.
    | Jan. 14, 2015, 3:50 PM | 140 Comments
  • Dec. 4, 2014, 2:20 PM
    • BlackBerry (BBRY -3.5%) wouldn't be able to accept a buyout offer from a Chinese company due to opposition from Western governments, John Chen tells Bloomberg in an interview taped on July 23, and airing tonight.
    • Chen: "One of our biggest [installed] bases is government in the so-called Five Eyes countries where governments share intelligence. I think there will be a lot of regulatory issues and concerns." He adds BlackBerry doesn't currently have any buyout offers on the table.
    • Lenovo reportedly weighed a bid for BlackBerry when the company was on the block last year, and has occasionally popped up in M&A rumors since. Meanwhile, Chen has been exploring ways for BlackBerry to enter China with the help of a local partner.
    • Shares are selling off today after rising 6.2% over the prior two trading days.
    | Dec. 4, 2014, 2:20 PM | 165 Comments
  • Sep. 11, 2014, 9:13 AM
    • Using Movirtu's Virtual SIM platform, both a business and personal phone number can be used on a single mobile device, with separate billing for voice, data, and messaging for each. Employees can thus switch between business and personal profiles without the need for two devices or SIM cards, and charges are properly billed to either the company or the employee.
    • Terms were not disclosed.
    • BBRY -0.5% premarket
    | Sep. 11, 2014, 9:13 AM | 161 Comments
  • Jul. 29, 2014, 10:47 AM
    • BlackBerry (BBRY -0.7%) is acquiring  Secusmart, a German developer of mobile encryption and anti-eavesdropping tech. Terms are undisclosed.
    • Secusmart already offers a mobile security platform (called SecuSUITE) for BB10. Its solution relies heavily on a secure microSD card with a built-in encryption co-processor and crypto-controller.
    • BlackBerry notes the companies have partnered to provide "Secusmart-equipped BlackBerry smartphones to a significant number of German government agencies and almost all German government ministries and leaders, including Chancellor Angela Merkel."
    • The purchase comes amid an uproar in Germany over NSA spying activity, one that has even led the country's NSA inquiry chief to suggest using typewriters to avoid eavesdropping. Yesterday, the German government was reported to be interested in buying 20K more BB10 phones for security reasons.
    • BlackBerry also sees opportunities to bring Secusmart's offerings to other markets. John Chen has shown an interest in carving out niches for BB10 phones in enterprise/government verticals with special requirements.
    | Jul. 29, 2014, 10:47 AM | 29 Comments
  • Jul. 28, 2014, 1:46 PM
    • John Chen, during a Bloomberg interview: "I don't have any offers on my desk ... If people would like to talk, I mean, talk is not an offer." (video)
    • BlackBerry (BBRY -2.8%) performed a strategic review last year, during which the rumor mill produced a long list of potential/would-be suitors. But the company abandoned its efforts to find a buyer in November in favor of a turnaround effort spearheaded by Chen.
    • Chen reiterates today he has no problem with staying independent. "I am comfortable with where the company is today, how we managed our technology, our businesses, the margins, the distribution channel or the new products that's coming out ... Whether it's going to be good enough to be iconic again, OK, that's something I need to chew on."
    • Last week: BlackBerry rallies after Chen talks partnership efforts
    | Jul. 28, 2014, 1:46 PM | 19 Comments
  • Jun. 13, 2014, 3:30 AM
    • BlackBerry (BBRY) has reached an agreement with EnStream, a joint venture between Canada's three biggest telecom companies — Bell (BCE), Rogers (RCI) and Telus (TU), to provide the infrastructure for a new mobile payment platform.
    • Under the three-year deal, EnStream will use BlackBerry infrastructure so banks and mobile operators can securely keep sensitive payment information on any smartphone able to use near field communication (NFC) tags.
    • NFC tags permit smartphones to communicate with other mobile devices or credit payment systems by tapping the two together.
    | Jun. 13, 2014, 3:30 AM | 32 Comments
  • Jan. 22, 2014, 9:45 AM
    • VMware (VMW -1.2%), parent EMC (EMC -1.3%), Citrix (CTXS -2%), and SAP (SAP -1.5%) are all lower following news of VMware's $1.54B acquisition of leading mobile device management (MDM) software firm AirWatch.
    • Citrix (thanks to the Zenprise acquisition) and SAP (through its Sybase unit) compete with AirWatch. As does BlackBerry (BBRY +4.6%), which remains higher following news of its real estate sale plans.
    • AirWatch's products, which also include mobile app management and security solutions, complement VMware's Horizon Workspace, which provides a secure, siloed workspace for business apps and files on mobile devices. With Citrix and SAP already offering an array of complementary mobile software tools for enterprises, VMware's move is in part an attempt to keep pace.
    • AirWatch, Citrix, SAP, and BlackBerry, along with other firms such as IBM (previous) and Good Technology, are trying to profit from growing enterprise interest in MDM solutions, which help companies cope with the ongoing bring-your-own-device (BYOD) trend.
    • In tandem with the acquisition, VMware has reported preliminary Q4 revenue of $1.48B (+15% Y/Y), slightly above a $1.47B consensus.  Q4 license revenue is expected to come in at $$687M (+15%), within a guidance range for 12%-16% growth. VMware's full Q4 results are due on Jan. 28.
    | Jan. 22, 2014, 9:45 AM | 5 Comments