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Arctic Wolf Networks Inc. has acquired BlackBerry’s Cylance endpoint security unit for $160 million in cash and 5.5 million Arctic Wolf shares. This acquisition is a significant strategic move for Arctic Wolf, enhancing its cybersecurity offerings. The deal marks a substantial decrease in value for Cylance, which BlackBerry acquired for $1.4 billion in 2018. The sale reflects a shift in BlackBerry’s focus away from endpoint security and towards software for cyber and IoT. This move is expected to close in BlackBerry’s fiscal Q4 and will reshape the cybersecurity landscape, providing Arctic Wolf with valuable assets and technologies.

ImgSrc: techcrunch.com

References:

• Security News - BlackBerry sells its beleaguered cybersecurity business, Cylance, to Arctic Wolf for $160M, after paying $1.4B to acquire Cylance in 2018 - 10d
• Techzine Global - Arctic Wolf adds BlackBerry Cylance EPP/EDR to open platform - 10d
• Techmeme - BlackBerry sells its beleaguered cybersecurity business, Cylance, to Arctic Wolf for $160M, after paying $1.4B to acquire Cylance in 2018 (Kyle Wiggers/TechCrunch) - 10d
• @metacurity - Buy high, sell low. BlackBerry Sells Cylance to Arctic Wolf for $160 Million After Buying It for $1.4 Billion - 10d
• SiliconANGLE - Arctic Wolf Networks Inc., a heavily funded cybersecurity startup, today announced plans to acquire BlackBerry Ltd.’s Cylance unit. - 9d
• @Techmeme - BlackBerry sells its beleaguered cybersecurity business, Cylance, to Arctic Wolf for $160M, after paying $1.4B to acquire Cylance in 2018 - 9d
• CyberScoop - Arctic Wolf acquires Cylance from BlackBerry for $160 million - 9d
• Security - XDR provider Arctic Wolf buys BlackBerry’s Cylance suite - 9d
• @TechDesk - Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million - 9d
• flip.it - Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million - 9d
• Onlineportal von IT Management - BlackBerry sells Cylance to Arctic Wolf at a massive loss - 9d
• Silicon Republic - BlackBerry to sell Cylance security assets to Arctic Wolf - 9d
• The Register - BlackBerry offloads Cylance's endpoint security products to Arctic Wolf - 9d

Classification:

• HashTags: Cybersecurity ArcticWolf Cylance
• Company: Arctic Wolf
• Target: Cylance
• Attacker:
• Product: Cylance
• Feature: Endpoint Security
• Type: ProductUpdate
• Severity: Medium