BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018

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TechCrunch 14h ago

$BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018 - TechCrunch$

Quick Summary:

Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million — a significant write-down from the $1.4 billion BlackBerry paid to acquire the company in 2018.

The firm’s others include secure intelligence platform RootSecure, threat hunting platform Rank Software, security training startup Habitu8, digital forensics firm Tetra Defense, and security orchestration software developer Revelstoke.

It was BlackBerry’s largest M&A deal to date — all in cash — and saw Cylance integrate its tech with BlackBerry’s existing platforms, but largely continue to operate as a standalone business unit.