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BlackBerry buys OC Cybersecurity AI leader Cylance

BlackBerry Limited recently announced it was acquiring Cylance, Orange County's artificial intelligence and cybersecurity leader, for $1.4 billion in cash. cylance

The deal is expected to close by February 2019, pending approvals and closing conditions. 

Founded in Orange County in 2012, Cylance's cybersecurity software uses artificial intelligence, algorithmic science, and machine learning.  This predicts and prevents known and unknown threats to fixed endpoints.

Today Cylance has grown to generate recurring revenue from over 3,500 active enterprise customers, with more than 20% of the Fortune 500 as customers. 

BlackBerry is based in Waterloo, Ontario and founded in 1984, BlackBerry Limited provides the technology that allows endpoints to trust one another, communicate securely, and maintain privacy.  While Cylance develops artificial intelligence that changes how organizations approach endpoint security.  Learn more at www.cylance.com.

"BlackBerry Spark is a next-generation secure chip-to-edge communications platform for the EoT that will create and leverage trusted connections between any endpoint. Designed for ultra-security and industry-specific safety-certifications, such as ISO 26262 in automobiles, BlackBerry Spark will leverage the company’s deep portfolio of technology that includes FIPS-validated, app-level, AES 256-bit encryption to ensure data is always protected." (BlackBerry)

Thanks to our friends at BlackBerry and Cylance for this news and their logo.

“BlackBerry Spark.” November 16, 2018, BlackBerry Press Release.

 

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