BlackBerry agrees to buy endpoint security firm Cylance for $1.4 billion in cash. The deal is BlackBerry’s largest buy in seven years, according to Bloomberg data. The Irvine, Calif.-based company applies artificial intelligence, algorithms, and machine learning to proactively identify threats without using signatures. It is expected to close before February 2019; BlackBerry expects it to be a separate business unit within BlackBerry Limited. The company has raised $297 million in funding over five rounds and reportedly has 3,500 active enterprise customers.”]
Source: https://www.darkreading.com/cloud/blackberry-doubles-down-on-security-in-1-4b-acquisition-of-cylance