Hundreds of Millions of Dollars Later, Longtime CEO of Good Technology is Ousted, as Silver Lake and Others Kick the Tires
In a little-noticed press release two weeks ago, the board of directors at the software company Good Technology announced that CEO Brian Bogosian was out “effective immediately,” replaced by a board member, King Lee. To many, Bogosian’s ouster marks not only the end of a seemingly interminable chapter in the history of Visto, which was renamed Good Technology last year; it may also signal the beginning of a new era for the company, one that already has private equity firms including Silver Lake and General Atlantic interested in becoming major stakeholders, say sources. Whoever strikes a deal will be joining an astonishingly long line of previous investors. “ is like the Baskin-Robbins of venture capital,” says one of them, noting that the company has already attracted more than 30 different firms over its now 14-year history -- most of them washed out.
