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Good Technology Raises $80 Million in Additional Financing, Still Weighing IPO

The mobile device management company had filed initial documents for an IPO back in May.

Good Technology

Good Technology, which has filed for an initial public offering, said Tuesday that it has raised $80 million in further funding.

The company, which helps businesses manage their employees’ mobile devices, filed initial paperwork with the Securities and Exchange Commission back in May. Its last amended prospectus documents were filed with the SEC in June.

In an interview, CEO Christy Wyatt said the company is not rethinking its plan to go public.

“Nothing has changed in terms of our plans,” Wyatt told Re/code. “There’s a whole bunch of [factors], a lot of them external. … We continue to watch the market.”

Good, which was once owned by Motorola, is currently privately held. The $80 million came from new investors, Wyatt said, though Good did not name its new backers.

Previous investors include Blueprint Ventures, Draper Fisher Jurvetson, ePlanet Capital, GKM Newport, Meritech Capital Partners, Oak Investment Partners and Rustic Canyon Partners.

This article originally appeared on

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