cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News AI

BlackBerry Acquires Cylance and Add Premier AI and Cybersecurity Capabilities

News Desk by News Desk
November 19, 2018
BlackBerry and Cylance

BlackBerry Limited has entered into a definitive agreement to wholly acquire Cylance, an artificial intelligence and cybersecurity company, for $1.4 billion in cash, plus the assumption of unvested employee incentive awards. Pending regulatory approvals and other customary closing conditions, the deal is expected to close prior to the end of BlackBerry’s current fiscal year (February 2019).

“Cylance’s leadership in artificial intelligence and cybersecurity will immediately complement our entire portfolio, UEM and QNX in particular. We are very excited to onboard their team and leverage our newly combined expertise,” said John Chen, Executive Chairman and CEO of BlackBerry. “We believe adding Cylance’s capabilities to our trusted advantages in privacy, secure mobility, and embedded systems will make BlackBerry Spark indispensable to realizing the Enterprise of Things.”

According to Gartner in its most recent Internet of Things Backbone Survey: security was cited as the top barrier to IoT success (35%), with privacy concerns (25%), and potential risks and liabilities (25%) also in the top five.

Cylance is a pioneer in applying artificial intelligence, algorithmic science, and machine learning to cybersecurity software that has proven highly effective at predicting and preventing known and unknown threats to fixed endpoints. The fast-growing company has become a market leader with an advanced and lightweight agent that resides on the endpoint, operates both online and off, and requires a minimum of memory and power to function. Founded in 2012, Cylance generates highly recurring revenue from over 3,500 active enterprise customers, including more than 20% of the Fortune 500.

“Our highly skilled cybersecurity workforce and market leadership in next-generation endpoint solutions will be a perfect fit within BlackBerry where our customers, teams and technologies will gain immediate benefits from BlackBerry’s global reach,” said Stuart McClure, Co-Founder, Chairman, and CEO of Cylance. “We are eager to leverage BlackBerry’s mobility and security strengths to adapt our advanced AI technology to deliver a single platform.”

BlackBerry Spark Platform

BlackBerry Spark is a next-generation secure chip-to-edge communications platform for the EoT that will create and leverage trusted connections between any endpoint. Designed for ultra-security and industry-specific safety-certifications, such as ISO 26262 in automobiles, BlackBerry Spark will leverage the company’s deep portfolio of technology that includes FIPS-validated, app-level, AES 256-bit encryption to ensure data is always protected. BlackBerry Spark enables organizations to comply with stringent multi-national regulatory requirements. In fact, BlackBerry is the only EoT platform provider to achieve Common Criteria EAL4+ for both iOS and Android, offering the highest level of security in the market.

ADVERTISEMENT

 BlackBerry expects that after the anticipated close of the transaction, Cylance will operate as a separate business unit within BlackBerry Limited.

 

Thomas Kurian Becomes New Google Cloud Chief

News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

Related Posts

AMD Sanmina
Business

AMD to Sell ZT Systems’ Manufacturing Business to Sanmina for $3 Billion

May 20, 2025
Red Hat AI NVIDIA
AI

Red Hat Empowers Agentic AI with Support for NVIDIA Enterprise AI Factory

May 20, 2025
Qualcomm Advantech
Business

Qualcomm and Advantech Join Forces to Accelerate AI for IoT Applications at COMPUTEX 2025

May 20, 2025
Tech Mahindra
Press Release

Tech Mahindra Achieves Red Hat Premier Partner Status Globally

May 20, 2025
Kiran Cherukuri
People

HCLTech Appoints Kiran Cherukuri as New Global GCC Practice Leader to Drive Innovation and Growth

May 20, 2025
NetApp NVIDIA
Business

NetApp and NVIDIA Partner to Enhance AI Adoption with the AIPod Solution for Streamlined Data Management

May 19, 2025
GIGABYTE at COMPUTEX 2025
Press Release

GIGABYTE at COMPUTEX 2025: Accelerating the AI Future With Total Infrastructure and Computing Solutions

May 19, 2025
NVIDIA AI
AI

Taiwan AI Revolution: Foxconn and NVIDIA Team Up to Launch Cutting-Edge AI Factory

May 19, 2025
Load More
ADVERTISEMENT

Latest Updates

AMD Sanmina

AMD to Sell ZT Systems’ Manufacturing Business to Sanmina for $3 Billion

by Deepa Sharma
3 hours ago

Red Hat AI NVIDIA

Red Hat Empowers Agentic AI with Support for NVIDIA Enterprise AI Factory

by Deepa Sharma
3 hours ago

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

by Sundar Balasubramanian
3 hours ago

Qualcomm Advantech

Qualcomm and Advantech Join Forces to Accelerate AI for IoT Applications at COMPUTEX 2025

by Deepa Sharma
4 hours ago

Tech Mahindra

Tech Mahindra Achieves Red Hat Premier Partner Status Globally

by News Desk
6 hours ago

Kiran Cherukuri

HCLTech Appoints Kiran Cherukuri as New Global GCC Practice Leader to Drive Innovation and Growth

by Deepa Sharma
8 hours ago

Expert Views

Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025
Soft Skills
Opinion

Soft Skills and Technical Know-How: A Winning Combination in the Tech Industry

March 4, 2025
Digital Freedom
Cyber Security

Your Data, Their Gold: The Silent Battle for Digital Freedom

February 25, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved