BlackBerry Buys Cybersecurity Firm Cylance For $1.4 Billion

wiredmikey shares a report from SecurityWeek: BlackBerry on Friday announced that it has agreed to acquire endpoint security firm Cylance for $1.4 billion in cash. 'We plan on immediately expanding the capabilities across BlackBerry's 'chip-to-edge' portfolio, including QNX, our safety-certified embedded OS that is deployed in more than 120 million vehicles, robot dogs, medical devices, and more,' a BlackBerry company spokesperson told SecurityWeek. 'Over time, we plan to integrate Cylance technology with our Spark platform, which is at the center of our strategy to ensure data flowing between endpoints (in a car, business, or smart city) is secured, private, and trusted.' Cylance has raised roughly $300 million in funding [prior being acquired]. BlackBerry describes the 'Spark platform' as a secure chip-to-edge communications platform 'designed for ultra-security and industry-specific safety-certifications, such as ISO 26262 in automobiles.'

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