Mobile and ICT firm BlackBerry have completed the USD 1.4 billion acquisition of AI-based cybersecurity firm Cylance. As per the terms of the deal, the integration of Cylance’s capabilities will allow BlackBerry to boost their IoT security platform Spark.
BlackBerry believe that endpoint security is of utmost importance and the data that flows between these endpoints is critical to business. They say that since this data is business sensitive in nature, it also needs to be protected from virus and cyber attacks that are on the rise.
By acquiring Cylance, BlackBerry claim that they will integrate the former’s AI-based cybersecurity prowess into their IoT platform to help enterprises intelligently connect, protect and build secure endpoints. They futher added that integration will provide their customers with an extra layer of threat protection and boost their overall detection and monitoring prowess.
Industry experts claim that this acquisition will allow BlackBerry to entice a new segment of customers. It will be interesting to see how the mobile giant takes this deal ahead, following Cylance’s partnership with Netskope to boost cloud security.