Stories
Slash Boxes
Comments

SoylentNews is people

posted by chromas on Friday November 16 2018, @03:24PM   Printer-friendly

BlackBerry to Acquire Cylance for $1.4 Billion in Cash:

BlackBerry on Friday announced that it has agreed to acquire next-generation endpoint security firm Cylance for US $1.4 billion in cash.

In addition to the cash payment, BlackBerry will assume unvested Cylance employee incentive awards.

The deal is expected to close before the end of BlackBerry's current fiscal year (February 2019), and Cylance will operate as a separate business unit within BlackBerry.

Cylance, which has raised nearly $300 million in funding, currently has more than 4,000 customers, including more than 20% of the Fortune 500. The company previously said that it had annual revenues over $130 million for fiscal year 2018, and over 90% year-over-year growth.

Cylance's flagship endpoint security product, CylancePROTECT, takes a mathematical and machine learning approach to identifying and containing zero day and advanced attacks. The company has been utilizing artificial intelligence and machine learning as part of its core marketing message since the company was founded in 2012.

"We plan on immediately expanding the capabilities across BlackBerry's 'chip-to-edge' portfolio, including QNX, our safety-certified embedded OS that is deployed in more than 120 million vehicles, robot dogs, medical devices, and more," a BlackBerry company spokesperson told SecurityWeek. "Over time, we plan to integrate Cylance technology with our Spark platform, which is at the center of our strategy to ensure data flowing between endpoints (in a car, business, or smart city) is secured, private, and trusted."

Loved the keyboard on my now-long-since-dead BlackBerry Curve. Saw their struggles with bringing out an Android handset and am quite frankly very much surprised that they had this large of a war chest to invest in such an acquisition. Anybody here still using a BlackBerry? Which one?


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Friday November 16 2018, @05:53PM

    by Anonymous Coward on Friday November 16 2018, @05:53PM (#762762)

    I am on the KeyOne after having a Passport/Priv/Q10. The Priv was a great keyboard, but I vastly prefered BB10 to Android. KeyOne is decent, and they have been doing a good job with updates. I really miss having the removeable battery, but that seems to be almost all phones at this point. Honestly, if it weren't for some odd issue with some devices connecting to the Passport's hotspot, I would probably go back to it. Your point about pricing is dead on though, just can't justify the Key2 or even the LE is a hard sell. Would rather keep a phone for several years.