Friday, 22 February 2019 12:40

BlackBerry completes Cylance acquisition

By
BlackBerry Cylance president Stuart McClure BlackBerry Cylance president Stuart McClure

The US$1.4 billion acquisition of AI and cyber security specialist Cylance by BlackBerry has been completed on schedule.

When BlackBerry announced in November 2018 an agreement to acquire Cylance, it said the deal should close by February 2019, and it has.

"Today BlackBerry took a giant step forward toward our goal of being the world's largest and most trusted AI-cybersecurity company," said BlackBerry executive chairman and chief executive John Chen.

"Securing endpoints and the data that flows between them is absolutely critical in today's hyperconnected world. By adding Cylance's technology to our arsenal of cybersecurity solutions we will help enterprises intelligently connect, protect and build secure endpoints that users can trust."

In particular, BlackBerry plans to use Cylance's machine learning and artificial intelligence technology to accelerate the development of the company's IoT secure communications platform BlackBerry Spark.

Cylance co-founder and former chairman and chief executive Stuart McClure is now BlackBerry Cylance's president.

According to the company, McClure will "continue to apply his visionary math-based approach to threat detection, prevention, and response, as well as lead the business' large team of highly-skilled engineers and data scientists that deliver trusted products and services for more than 4,000 companies around the world".

Analyst firm 451 Research's research vice-president Brian Partridge said: "In this deal BlackBerry obtains advanced security technology that it can deploy within its existing platforms while also providing a complementary fit in terms of market vision and customer focus."

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Stephen Withers

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Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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