SUNNYVALE, Calif., and PALO ALTO, Calif. – April 15, 2015 - Good Technology and VMware, Inc. (NYSE: VMW) today announced that they have entered into an agreement that resolves all pending litigation between Good and VMware, including VMware’s subsidiary, AirWatch LLC.
While the full terms of the agreement are confidential, the parties have agreed to a long-term patent portfolio cross-license agreement and to discuss opportunities for joint interoperability that could benefit their mutual customers.
“We are extremely pleased to be able to resolve these intellectual property issues in a way that upholds our principles and encourages future innovation,” said Christy Wyatt, Chairman and CEO at Good Technology. “The customers of both Good and VMware, who rely on our respective mobility management solutions, are the real winners.”
“We believe it is in the best interests of our stakeholders if both VMware and Good Technology focus on innovating in the marketplace rather than spending time and resources on litigation,” said Sanjay Poonen, Executive Vice President and General Manager, End-User Computing, VMware, Inc. “With this matter behind us, we can focus on what is important: making our customers and partners successful.”
About Good Technology
Good Technology is the leader in secure mobility, delivering solutions across all stages of the mobility lifecycle for enterprises and governments worldwide. Good offers a comprehensive, end-to-end solutions portfolio, consisting of a suite of collaboration applications, a secure mobility platform, mobile device management, unified monitoring, management and analytics, and a third-party application and partner ecosystem. More than 6,200 organizations in 189 countries use Good Technology, and we are trusted and deployed in 100% of the Fortune 100 commercial banks and aerospace and defense firms as well as leaders across healthcare, manufacturing and retail. Learn more at www.good.com.
Forward-Looking Statements Regarding Good Technology Corporation
Statements concerning future prospects, business outlook, and product availability and plans are forward looking statements that involve a number of uncertainties and risks. This information is intended to outline our general product direction and it should not be relied upon in making purchasing decisions. It is not a commitment, promise or legal obligation to deliver any material, code or functionality and the development, release and timing of any features or functionality described for our products remains at Good's sole discretion.
©2015 Good Technology Corporation and its related entities. All use is subject to license terms posted at www.good.com/legal. All rights reserved.
VMware is a leader in cloud infrastructure and business mobility. Built on VMware’s industry-leading virtualization technology, our solutions deliver a brave new model of IT that is fluid, instant and more secure. Customers can innovate faster by rapidly developing, automatically delivering and more safely consuming any application. With 2014 revenues of $6 billion, VMware has more than 500,000 customers and 75,000 partners. The company is headquartered in Silicon Valley with offices throughout the world and can be found online at www.vmware.com.
VMware and AirWatch are trademarks of VMware, Inc. or its subsidiaries in the United States and other jurisdictions.
Forward-Looking Statements Regarding VMware, Inc.
This press release contains forward-looking statements including, among other things, statements regarding opportunities for joint interoperability that could benefit mutual customers of VMware and Good, pursuing innovation and bringing products to market. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to (i) changes to business priorities for each of the companies; (ii) adverse changes in general economic or market conditions; (iii) delays or reductions in information technology spending; (iv) competitive factors, including but not limited to pricing pressures, industry consolidation, entry of new competitors into the mobile computing markets, and new product and marketing initiatives by our competitors; (v) our customers’ ability to develop, and to transition to, new products and computing strategies such as cloud computing and mobile device management; (vi) the uncertainty of customer acceptance of emerging technology; and (vii) rapid technological and market changes in mobile device computing. These forward looking statements are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including VMware's most recent reports on Form 10-K and Form 10-Q and current reports on Form 8-K that we may file from time to time, which could cause actual results to vary from expectations. VMware assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
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