Sunday, November 18, 2018

The acquisition of Cylance by Blackberry means that the smartphone pioneer is serious about being a purely cyber security company.

Blackberry's $ 1.4 billion deal to acquire the cybersecurity company Cylance reinforces the pioneering smartphone focus on cybersecurity exclusively.



In recent years, the Canadian company has made several additional security acquisitions, but none as large as the Cylance agreement announced on Friday. The move is surprisingly large at more than 1 billion dollars, indicating that the Blackberry moves further away from its devices,which still underpin a number of the company's existing enterprise security deals.
Blackberry has made a rapid transition from a once-ubiquitous corporate smartphone provider, to a niche hardware player — and has become a nearly pure-play cybersecurity firm in less than five years.
Cylance is a well-established cybersecurity company that provides antivirus protection, endpoint protection, original equipment production (OEM) and security products in the supply chain. Cylance has about 100 subscribers in the Fortune 500 and 3,500 business customers,According to the Blackberry statement. The company also operates in federal and state agencies. According to the company, Cylance will remain a separate business unit within Blackberry. 



In recent years, Blackberry has withdrawn resources from its smartphone business and stopped the internal production of the keyboard and screen handheld in 2016. It then focused on security software for companies, chip-level security products for " endpoints. " —Including Android and iOS smartphones— and device protection for the " Internet of Things " (IoT) device range. Blackberry's business has also focused on some of the biggest IoT ticket devices, including connected cars.
The acquisition of Cylance, which has a security consulting company, can also increase Blackberry's reach in the field of cybersecurity consulting. Blackberry acquired the UK last year. Encription security consulting firm, in a deal with undisclosed terms.
It's not unusual for a non-security company known for some aspect of cybersecurity to attempt to grow its business in the increasingly lucrative space. However, Blackberry is one of the first companies to make a sharp and complete turn into a software and consulting cybersecurity business from a hardware background.



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