BlackBerry acquired Cylance from PE funds for $1.4bn

BlackBerry Limited has entered into a definitive agreement to acquire Cylance, an artificial intelligence and cybersecurity leader, for $1.4bn. “Cylance’s leadership in artificial intelligence and cybersecurity will immediately complement our entire portfolio, UEM and QNX in particular. 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.” John Chen, BlackBerry Executive Chairman and CEO.