BlackBerry’s Costly Cylance Sale: From $1.4 Billion Bet to $160 Million Bust
BlackBerry’s bold blend of infosec and the Internet of Things has fizzled, as the Canadian firm sells Cylance’s endpoint security products for a fraction of the purchase price. Arctic Wolf snaps up the deal, hoping to cash in on Cylance’s AI-driven cyber-defense prowess. Good luck, Arctic Wolf!
Hot Take:
BlackBerry’s latest move to offload Cylance might just be the ultimate plot twist in their cybersecurity saga! From “Enterprise of Things” dreams to a new home for Cylance, it’s like a tech soap opera we never saw coming. And who knew Arctic Wolves were so into endpoint security? Stay tuned, folks—this story is juicier than a BlackBerry pie!
Key Points:
- BlackBerry sells Cylance’s endpoint security products to Arctic Wolf for a significant financial loss.
- Cylance was initially acquired by BlackBerry in 2018 for $1.4 billion.
- Arctic Wolf aims to integrate Cylance into its Aurora platform for enhanced security operations.
- BlackBerry retains a stake in Arctic Wolf and plans to resell the combined portfolio.
- BlackBerry’s shares rose by nearly 15% following the deal announcement.
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