Good Gets More Money

Turns out that competing against RIM isn't cheap. Good Technology has raised another $65 million just months after patent hoarding firm NTP gave them a bunch of money, which Good then used to turn around and pay NTP to license their patents (funny how that works...). Either way, the buzz has been that Good has been getting more traction lately, and apparently the investors have seen that. Either that, or they're so overwhelmed by the success of RIM lately that they need to find "some sort of play" in that space, and Good seems like a viable option. The article here also suggests that some of the money was used to buy off original shareholders -- a practice that is becoming increasingly common among VCs, allowing early founders to at least partially cash out, even while the IPO market seems a bit dry.

Leave a Comment..