Saturday , April 17 2021

BlackBerry signs a $ 1.4 billion agreement on cyber security

BlackBerry unveiled a $ 1.4 billion agreement to acquire AI Cylance security company.

Buying, the largest company to date, will help BlackBerry to boost cyber security capabilities, especially in its Spark and QNX divisions, the latest of which provides the software used in many cars connected on the road today.

Cylance uses AI high-end and automatic learning to help companies protect themselves from the attack, with their models and algorithms capable of predicting and predicting known and unknown threats.

At the moment the company has about 3,500 active clients of the company, including more than 20% of Fortune 500, giving access to BlackBerry to more high-end organizations throughout the business world.

BlackBerry AI Security

"The leadership of Cylance in artificial intelligence and cybernetic security will immediately complement our entire portfolio, EMU and QNX in particular. We are very excited to integrate your team and take advantage of our new combined knowledge," said John Chen, executive chairman and CEO of BlackBerry

"We believe that adding Cylance's capabilities to our privacy-trusted advantages, safe mobility and integrated systems will make BlackBerry Spark indispensable for Enterprise of Things."

The entire money deal is set to start earlier this year, with BlackBerry saying he expects Cylance to operate as a separate business unit within the company.

"Our highly skilled cyber-security workforce and market leadership in the next-generation end-of-the-way solutions will be a perfect fit in BlackBerry where our customers, equipment and technologies will gain immediate benefits from the global reach of BlackBerry," said Stuart McClure, co-founder, president and CEO of Cylance.

"We are anxious to take advantage of the strength of mobility and security strengths of BlackBerry to adapt our advanced AI technology to offer a single platform."

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