Breaking News

Updated LPDDR5 Standard Doubles Memory Throughput of LPDDR4 Intel Shows Collaborative Mini-Bots, Brain-Inspired Computers and 5G at ISSCC 2019 Google Announced New .dev Top-level Domain Google to Hold a Gaming-Related Keynote Next Month Japanese Researchers Design 3mm Transceiver for 5G Communications

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Legacy
    • Media Tests
    • DVD Media Formats

    • Glossary
    • FAQ
    • Firmware
    • Drivers
    • BIOS
    • Software
  • Forum
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

BlackBerry to Buy Cylance for $1.4 Billion to Add AI and Cybersecurity Capabilities

BlackBerry to Buy Cylance for $1.4 Billion to Add AI and Cybersecurity Capabilities

Enterprise & IT Nov 16,2018 0

BlackBerry has entered into a definitive agreement to wholly acquire Cylance, an artificial intelligence and cybersecurity company, for US $1.4 billion in cash, plus the assumption of unvested employee incentive awards.

Pending regulatory approvals and other customary closing conditions, BlackBerry expects the deal 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. 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," said BlackBerry CEO John Chen in a statement.

Cylance was founded in 2015 by former McAfee/Intel duo Stuart McClure (CEO) and Ryan Permeh (chief scientist) and has been applying artificial intelligence, algorithmic science, and machine learning to cybersecurity software that predicts and prevents known and unknown threats to fixed endpoints. The company hasdeveloped a lightweight agent that resides on the endpoint, operates both online and off, and requires a minimum of memory and power to function.

The company has raised nearly $300 million to date from investors that include Blackstone, DFJ, Khosla Ventures, Dell Technologies and KKR. Cylance is headquartered in Irvine, California, with global offices in Ireland, the Netherlands and Japan.

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 security and industry-specific safety-certifications, such as ISO 26262 in automobiles, BlackBerry Spark will leverage the company’s portfolio of technology that includes FIPS-validated, app-level, AES 256-bit encryption to ensure data is 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.

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

Tags: BlackBerryArtificial Intelligence
Previous Post
Xiaomi Black Shark Gaming Smartphone Officially Launches in Europe
Next Post
New Google Wear OS Update Adds Battery Saving Features

Related Posts

  • Apple Said to Buying Voice App Startup Pullstring

  • IBM Watson Now Available Anywhere

  • World Record-holding Human Debater Challenged by IBM's Advanced AI Machine

  • Facebook Acquires AI Shopping Startup GrokStyle

  • IBM Launches Research Collaboration Center to Move Computing Beyond CPUs and GPUs

  • New NVIDIA Program Allows Businesses to Deploy AI with Ease

  • DeepMind AI Beats Professional StarCraft II Players

  • Fujitsu's AI Technology Evaluate the Necessity to Cyberattack Responses

0 Comments

Leave a Reply

More information about text formats

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

BBCode

  • No HTML tags allowed.
  • You may use these tags: [abbr], [acronym], [b], [center], [code], [color], [define], [font], [h1], [h2], [h3], [h4], [h5], [h6], [hr], [i], [img], [justify], [left], [list], [node], [php], [quote], [right], [s], [size], [sub], [sup], [u], [url], [wikipedia], [youtube], [align], [link], [ol], [ul]
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.

Latest News

Updated LPDDR5 Standard Doubles Memory Throughput of LPDDR4
Enterprise & IT

Updated LPDDR5 Standard Doubles Memory Throughput of LPDDR4

Intel Shows Collaborative Mini-Bots, Brain-Inspired Computers and 5G   at ISSCC 2019
Enterprise & IT

Intel Shows Collaborative Mini-Bots, Brain-Inspired Computers and 5G at ISSCC 2019

Google Announced New .dev Top-level Domain
Enterprise & IT

Google Announced New .dev Top-level Domain

Google to Hold a Gaming-Related Keynote Next Month
Gaming

Google to Hold a Gaming-Related Keynote Next Month

Japanese Researchers Design 3mm Transceiver for 5G Communications
Smartphones

Japanese Researchers Design 3mm Transceiver for 5G Communications

Popular Reviews

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2005

CeBIT 2005

Akasa Elite HDD Case

Akasa Elite HDD Case

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Nvidia GeForce RTX 2080 Ti and GeForce 2080 Founder's Edition review

Nvidia GeForce RTX 2080 Ti and GeForce 2080 Founder's Edition review

Sony NS955 DVD Player

Sony NS955 DVD Player

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

  • Home
  • News
  • Reviews
  • Legacy
    • Media Tests
    • DVD Media Formats

    • Glossary
    • FAQ
    • Firmware
    • Drivers
    • BIOS
    • Software
  • Forum
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed