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Blackberry buys AI expert Cyclane

Blackberry buys AI expert Cyclane

Business news |
By Christoph Hammerschmidt



According to an Internet of Things backbone survey by IT market research firm Gartner, users see security as the biggest barrier (35%) to the success of the IoT, with privacy concerns (25%) and potential risks and liabilities (25%) also playing a major role.

This is where Cyclane steps in: According to the Blackberry management, the company plays a role in the areas of artificial intelligence and cyber security. The Cyclane products will now complement Blackberry’s portfolio, in particular the endpoint management software UEM and the real-time operating system QNX.

Cylance has particular expertise in machine learning for cyber security software. According to Blackberry management, this software has proven to be extremely effective in predicting and defending against known and unknown threats to fixed endpoints. The fast-growing company has become a market leader with a lightweight software agent on the endpoint. It works both online and offline and requires minimal storage capacity and performance to operate. Founded in 2012, Cylance now serves more than 3,500 active enterprise customers.

Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close in February 2019. BlackBerry will pay $1.4 billion for the acquisition. The company intends to continue Cylance as an independent business unit within BlackBerry Limited following the expected completion of the transaction.

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