Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Operational Security //

AI

11/16/2018
11:45 AM
Scott Ferguson
Scott Ferguson
News Analysis-Security Now
50%
50%

BlackBerry Acquiring Security & AI Firm Cylance for $1.4B

BlackBerry is continuing to move away from its smartphone legacy with the acquisition of Cylance, a firm that specializes in artificial intelligence and security, in a deal worth $1.4 billion.

BlackBerry is continuing to move away from its legacy as a smartphone vendor with its acquisition this week of Cylance, a firm that specializes in artificial intelligence and cybersecurity, for $1.4 billion.

The two companies announced the agreement in a November 16 statement. BlackBerry expects the deal to close in February 2019.

For years, BlackBerry was best known for its enterprise-grade smartphones, but eventually lost share to Apple's iPhone as these phones expanded into the consumer market and companies gave employees the freedom to use whatever device they chose.

After licensing its smartphone designs to a third party, BlackBerry began reinventing itself a software and security firm, with a greater focus on the Internet of Things and the growing market for autonomous and connected automobiles.

(Source: iStock)
(Source: iStock)

This is where Cylance, which boasts of some 3,500 enterprise customers, including ones in the Fortune 500, fits in.

BlackBerry will integrate Cylance's AI-based threat intelligence and security technology into its Unified Endpoint Management (UEM) platform, as well as with the company's QNX operating system, which has found a home in the automotive market.

"Cylance's leadership in artificial intelligence and cybersecurity will immediately complement our entire portfolio, UEM and QNX in particular. We are very excited to onboard their team and leverage our newly combined expertise," BlackBerry CEO John Chen noted in a statement released Friday. "We believe adding Cylance's capabilities to our trusted advantages in privacy, secure mobility, and embedded systems will make BlackBerry Spark indispensable to realizing the Enterprise of Things."

Spark is BlackBerry's name for its chip-to-edge platform for securing IoT devices and other endpoints.

Cylance, which is based in the Los Angeles area, was founded in 2012 and had collected about $297 million in venture funding during the last six years, according to Crunchbase.

When the deal is complete, Cylance will operate as a separate business unit within BlackBerry.

Related posts:

— Scott Ferguson is the managing editor of Light Reading and the editor of Security Now. Follow him on Twitter @sferguson_LR.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Enterprise Cybersecurity Plans in a Post-Pandemic World
Download the Enterprise Cybersecurity Plans in a Post-Pandemic World report to understand how security leaders are maintaining pace with pandemic-related challenges, and where there is room for improvement.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-31819
PUBLISHED: 2021-09-22
In Halibut versions prior to 4.4.7 there is a deserialisation vulnerability that could allow remote code execution on systems that already trust each other based on certificate verification.
CVE-2021-38112
PUBLISHED: 2021-09-22
In the Amazon AWS WorkSpaces client before 3.1.9 on Windows, argument injection in the workspaces:// URI handler can lead to remote code execution because of the Chromium Embedded Framework (CEF) --gpu-launcher argument.
CVE-2021-41382
PUBLISHED: 2021-09-22
Plastic SCM before 10.0.16.5622 mishandles the WebAdmin server management interface.
CVE-2020-23266
PUBLISHED: 2021-09-22
An issue was discovered in gpac 0.8.0. The OD_ReadUTF8String function in odf_code.c has a heap-based buffer overflow which can lead to a denial of service (DOS) via a crafted media file.
CVE-2020-23267
PUBLISHED: 2021-09-22
An issue was discovered in gpac 0.8.0. The gf_hinter_track_process function in isom_hinter_track_process.c has a heap-based buffer overflow which can lead to a denial of service (DOS) via a crafted media file