BlackBerry Announces Purchase Of Cybersecurity Firm Cylance
BlackBerry announced on Nov. 16 that it will purchase Cylance for $1.4 billion in cash. Cylance is an artificial intelligence and cybersecurity firm, which should help BlackBerry expand its sector that develops software for next-generation autonomous cars, known as its QNX unit.
The California-based Cylance is known for making AI-based products that prevent cyber attacks on companies. According to a report in Business Insider, the company recently considered filing an IPO. In June, BlackBerry CEO John Chen had laid out acquisition criteria during an annual meeting, and Cylance reportedly fits all of the criteria well. In his recent announcement regarding the acquisition, Chen apologized for keeping investors waiting so long for the announcement.
No matter how long the wait was, it seems ...









