BlackBerry: buys AI, cybersecurity firm Cylance

(CercleFinance.com) - BlackBerry is buying artificial intelligence and cybersecurity firm Cylance for 1.
4 billion dollars in cash, to complement its portfolio in privacy, secure mobility, and the enterprise of things, the Canadian technology company said on Friday.

Fast-growing Cylance applies artificial intelligence, algorithmic science, and machine learning to cybersecurity for over 3,500 corporate customers, including more than 20% of the Fortune 500.

The deal is expected to close prior to the end of BlackBerry's current fiscal year, i.e. February 2019.

After the transaction is closed, Cylance - which was launched in 2012 - is expected to operate as a separate business unit, BlackBerry said.

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