Twin Cities cybersecurity firm Arctic Wolf said Monday it acquired Cylance, a security business owned by BlackBerry, for a fraction of the price BlackBerry had paid just six years ago.

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BlackBerry sells AI cybersecurity business to Arctic Wolf

Waterloo, Ont.-based BlackBerry has unloaded its Cylance cybersecurity business in a deal with Arctic Wolf.

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Arctic Wolf buys Blackberry's Cylance security business for $160M

Deal was signature purchase of former CEO John Chen

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The Woodbridge Company

BlackBerry unloads Cylance unit for fraction of US$1.4-billion purchase price

TORONTO — BlackBerry Ltd. has signed a deal to sell its Cylance security business to Arctic Wolf. Cylance uses artificial intelligence to help users detect malware and prevent cyberattacks.

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BlackBerry selling Cylance AI cybersecurity business to Artic Wolf

Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million — a significant discount from the $1.4 billion BlackBerry paid to acquire the startup 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 […] © 2024 TechCrunch. All rights reserved. For personal use only.

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Verizon Communications

BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018

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Techmeme

California

BlackBerry sells its beleaguered cybersecurity business, Cylance, to Arctic Wolf for $160M, after paying $1.4B to acquire Cylance in 2018

Fresh attempt to mix the perfect cocktail of IoT and Infosec

The Register

BlackBerry sells some of Cylance to Arctic Wolf

Arctic Wolf has acquired Cylance, BlackBerry's beleaguered cybersecurity business, for $160 million -- a significant discount from the $1.4 billion BlackBerry paid to acquire the startup in 2018. From a report: Under the terms of the deal, which is expected to close in BlackBerry's fiscal Q4, BlackB...

slashdot.org

BlackBerry Sells Cylance For $160M, a Fraction of the $1.4B It Paid in 2018

Security operations firm Arctic Wolf has acquired Cylance from BlackBerry for $160 million in cash and 5.5 million common shares. The post Arctic Wolf Buys Cylance From BlackBerry for $160M Plus Stock, After Buying It for $1.4B appeared first on SecurityWeek. 
This article has been indexed from  SecurityWeek 
Read the original article:    Arctic Wolf Buys Cylance From BlackBerry for $160M Plus Stock, After Buying It for $1.4B   The post Arctic W…

IT Security News - cybersecurity, infosecurity news

Arctic Wolf Buys Cylance From BlackBerry for $160M Plus Stock, After Buying It for $1.4B

The sale comes six years after BlackBerry purchased Cylance for $1.4bn in cash. Read more: BlackBerry to sell Cylance security assets to Arctic Wolf

Arctic Wolf buys Blackberry's Cylance security business for $160M

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