Sunday, November 18, 2018

Blackberry acquires Cybersecurity company Cylance for $1.4 billion

 BlackBerry announced the acquisition of AI-based cybersecurity company Cylance for a cool $1.4 billion.
 The deal was close last week, and that has proven true, with BlackBerry paying the full amount in cash up front. The acquisition is BlackBerry’s  largest ever and it is set to close before February 2019 — the end of BlackBerry’s current financial year — and it will see Cylance operate as a separate business unit within BlackBerry’s business. The company plans to integrate Cylance  technology with its Spark platform in the future.
Cylance was preparing to go public until BlackBerry swooped in. 

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