Deal will see BlackBerry make a massive overall loss on the endpoint product.
Arctic Wolf is set to acquire Cylance for $160 million.
Around six years since BlackBerry paid around $1.4 billion for the endpoint brand, Dan Schiappa, chief product and services officer at Arctic Wolf, said organisations are looking to unify tools and operations via a single platform that can effectively analyse and respond to security threats, drive consistent security outcomes, and demonstrably minimise risk.
“By adding endpoint security to our platform, we will be delivering the security outcomes organizations want in one, frictionless operational platform to go toe-to-toe with today’s advanced threats, while maintaining our commitment to customers and partners leveraging other endpoint solutions,” Schiappa said.
BlackBerry set assurances that there will be no impact to its secure communications portfolio of businesses that “will remain an integral part of the BlackBerry portfolio.”
John Giamatteo, chief executive officer of BlackBerry. “We see this transaction as a win-win for our shareholders and all other stakeholders. Our customers will realise the benefits of continuity of service and the expertise that a global cybersecurity leader like Arctic Wolf provides.
“Arctic Wolf benefits by adding Cylance’s endpoint security solutions to its native platform. Finally, as Arctic Wolf leverages its scale to build upon and grow the Cylance business, BlackBerry will benefit as a reseller of the portfolio to our large government customers and as a shareholder of the company.”
Written by
Dan Raywood
Senior Editor
SC Media UK
Dan Raywood is a B2B journalist with more than 20 years of experience, including covering cybersecurity for the past 16 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Conference, BSides Scotland, Steelcon and ESET Security Days.
Outside work, Dan enjoys supporting Tottenham Hotspur, managing mischievous cats, and sampling craft beers.
