By Mike Lennon on November 16, 2018 BlackBerry on Friday announced that it has agreed to acquire next-generation endpoint security firm Cylance for US $1.4 billion in cash.
In addition to the cash payment, BlackBerry will assume unvested Cylance employee incentive awards.
The deal is expected to close before the end of BlackBerry’s current fiscal year (February 2019), and Cylance will operate as a separate business unit within BlackBerry.
Cylance, which has raised nearly $300 million in funding, currently has more than 4,000 customers, including more than 20% of the Fortune 500. The company previously said that it had annual revenues over $130 million for fiscal year 2018, and over 90% year-over-year growth.
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BlackBerry to Acquire Cylance for $1.4 Billion in Cash
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WoW a Canadian Company has acquired Cylance.......https://en.wikipedia.org/wiki/BlackBerry_Limited
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