Blackberry Limited recently announced the acquisition of Artificial Intelligence and Cybersecurity startup Cylance to expand its technology and Cybersecurity portfolio with a USD 1.4 billion cash deal. According to the acquisition deal that is anticipated to complete by February 2019, Cylance will function as a separate entity within the BlackBerry.
Cylance, Founded in 2012, help organizations with its antivirus programs and other sorts of computer software that foil viruses and malware. The America-based software firm claimed that it’s a pioneer in deploying Artificial Intelligence, algorithmic science, and Machine Learning to Cybersecurity software to predict and prevent the identified and unidentified Cyber threats. Executive Chairman and CEO of BlackBerry, John Chen stated that Cylance’s leadership in AI and Cybersecurity will instantly complement the company’s entire portfolio, UEM, and QNX in particular. Chen said that they are very excited to onboard their team and leverage our newly combined expertise. The company believes that adding Cylance’s capabilities to the company’s trusted advantages in privacy, secure mobility, and embedded systems will make BlackBerry Spark indispensable to realizing the Enterprise of Things (EoT).
Cylance claimed that it is embeddable AI technology will accelerate the development of the BlackBerry Spark EoT Platform, a platform for Ultra-secure Hyperconnectivity, in critical areas. BlackBerry allows the EoT with its robust technology that enables fixed endpoints to communicate securely and maintain privacy. The Ontario-based company also claimed that its Spark Platform is a secure chip-to-edge communications platform for the Enterprise of Things that will build trusted connections between any endpoint.