BlackBerry Buys Cybersecurity Firm Cylance For $1.4 Billion (securityweek.com)

Posted by BeauHD on Saturday November 17, 2018 @03:15AM from the that's-a-lot-of-digits dept.

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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Not what I would choose by Anonymous Coward · 2018-11-17 03:29 · Score: 2, Interesting

Cylance is a collection of top shelf niche software products.
Blackbery thinks these all neatly fit in to their platform and they are so confident they put their own money behind it.
Not only is that risky for Blackberry, it is a waste of Cylance's software that BB doesn't need or want to use.
This is why blackberry hasn't been the market leader in a long time. Better would be a kind of joint venture/partnership. It would be a lot easier to finance.