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BlackBerry to acquire cyber-security firm Cylance for $1.4B

GRC Announcements | November 20, 2018

BlackBerry Limited announced it has entered into a definitive agreement to acquire artificial intelligence and cyber-security firm Cylance for $1.4 billion, plus the assumption of unvested employee incentive awards. Pending regulatory approvals and other customary closing conditions, the deal is expected to close prior to the end of BlackBerry's current fiscal year (February 2019).

Cylance applies artificial intelligence, algorithmic science, and machine learning to cyber-security software that predicts and prevents known and unknown threats to fixed endpoints. The company’s lightweight agent resides on the endpoint, operates both online and off, and requires a minimum of memory and power to function.

Cylance generates highly recurring revenue from over 3,500 active enterprise customers, including more than 20 percent of the Fortune 500.

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