Minnesota-based Arctic Wolf, a cybersecurity operations firm, announced an agreement Monday to acquire BlackBerry’s Cylance business for $160 million, a stark drop from the $1.4 billion BlackBerry initially paid to acquire the startup in 2018. Arctic Wolf is integrating Cylance’s AI-powered endpoint security technology into its platform to broaden its security solutions. With this acquisition,…
Category: Arctic Wolf
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BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018
Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million — a significant write-down from the $1.4 billion BlackBerry paid to acquire the company in 2018. Under the terms of the deal, which is expected to close in BlackBerry’s fiscal Q4, BlackBerry will sell its Cylance assets to Arctic Wolf for $160 million…