Cylance sales. The smartphone technology company acquired the startup for $1. Cylance functioned as a standalone business unit for BlackBerry, but its tech was built into the company’s existing platforms. Dec 21, 2024 · BlackBerry's divestiture of Cylance assets points to revenue struggles in cybersecurity. The company is set to receive $160 million in Dec 16, 2024 · Security operations firm Arctic Wolf has acquired Cylance from BlackBerry for $160 million in cash and 5. Dec 17, 2024 · The new owner of Cylance's endpoint products is Arctic Wolf which, like Cylance, claims to make cyber-defense products potent by infusing them with AI that detects and repels threats. See more. Arctic Wolf president and CEO Nick Schneider thinks he can cash in on Cylance and Feb 4, 2025 · BB sells its Cylance endpoint security assets to Arctic Wolf for $160 million in cash and equity. Cylance Sale On February 3, 2025, the Company completed the sale of its Cylance endpoint security assets and related liabilities to Arctic Wolf Network, Inc. Dec 17, 2024 · Blackberry is selling its AI-powered cybersecurity platform Cylance to Arctic Wolf, a cybersecurity firm specializing in managed security services. . 4 billion, all cash 2019 purchase by BlackBerry, its biggest ever merger and acquisition. 5 million shares too. Arctic Wolf provides managed detection and response services and the deal gives it access to/telemetry directly from the secured endpoint. This innovation is designed to make a meaningful difference in how organizations combat cyber risk, elevating both protection and operational efficiency. Dec 16, 2024 · Seven years ago, Blackberry bought Cylance for $1. A New Chapter for Cylance and Arctic Wolf Cylance, which BlackBerry acquired in 2019 for $1. Learn how BlackBerry operates through two divisions — BlackBerry Secure Communications and QNX — delivering mission‑critical security and embedded software. (“Arctic Wolf”) for $160. 4 billion and now it has agreed to sell the EDR vendor to Arctic Wolf for a fraction of the price. BlackBerry will get ~$80 million at Dec 17, 2024 · Waterloo, Ont. Dec 16, 2024 · The Waterloo-based company announced that Arctic Wolf, a Minnesota-based AI company would acquire Cylance for $160-million and 5. -based BlackBerry has unloaded its Cylance cybersecurity business in a deal with Arctic Wolf. 1 million, and 5. Arctic Wolf will pay $80 million once the deal closes, $40 million around a year later, and chip in 5. 5 million common shares. Feb 4, 2025 · BB sells its Cylance endpoint security assets to Arctic Wolf for $160 million in cash and equity. 5 million common shares of Arctic Wolf. BB stock is trading below comparable software companies. The acquisition, which was announced this week and is expected to close by the end of February 2025, marks another deal in a rapidly Dec 16, 2024 · Seven years ago, Blackberry bought Cylance for $1. 4 billion in 20218. Dec 18, 2024 · Arctic Wolf is buying BlackBerry’s Cylance endpoint security business for $160 million, a move that will boost the security operations company’s Aurora platform for both end users and MSSPs and take a struggling business unit off of BlackBerry’s books. 5-million shares. Dec 16, 2024 · Arctic Wolf has acquired Cylance, BlackBerry's cybersecurity business, for $160 million — marking a major write-down for the latter firm. 4 days ago · The deep, differentiated integration of Cylance’s technology into the Arctic Wolf Aurora Platform introduces a fundamentally unique approach to endpoint security. 4 billion, has been at the forefront of AI-driven cybersecurity solutions. 0 million of cash, subject to certain adjustments of approximately $39. Dec 21, 2024 · While the financial details of the deal remain undisclosed, the sale is expected to be finalized in early 2025. 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 in cash. Dec 16, 2024 · The steeply discounted Cylance sale price is a comedown after the heady $1. Dec 16, 2024 · Arctic Wolf buys Blackberry Cylance Minnesota-headquartered cybersecurity firm Artic Wolf said BlackBerry’s customers will “continue to be fully supported” and also gain its expertise. Dec 16, 2024 · BlackBerry’s beleaguered cybersecurity business, Cyclance, has been acquired by Arctic Wolf for $160 million. fgk tyt rzxgl jrbb zjee sxnupqx oigh zkgst atno nfbpsv