Deals
BlackBerry to Buy Security Firm Cylance for $1.4 Billion
- Purchase will enhance software offerings, BlackBerry says
- Cylance known for using AI to protect mobile devices
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BlackBerry Ltd., the former mobile phone giant that’s now focused on producing software, is acquiring cybersecurity company Cylance Inc. for $1.4 billion.
Waterloo, Ontario-based BlackBerry said the acquisition of Cylance would enable it to add artificial intelligence capabilities to its existing software products. It said the all-cash deal would close before the end of its current fiscal year in February 2019.