(Bloomberg) -- BlackBerry Ltd. agreed to buy Good Technology Corp. for $425 million, gaining new mobile device-management customers while removing one of its competitors in that business.

Good Technology, based in Sunnyvale, California, builds applications to help employees work securely from their personal phones. It counts all of the G7 governments and the world’s 10 largest banks and law firms among its 6,200 customers, BlackBerry said in a statement Friday.

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