Arctic Wolf acquires Cylance from BlackBerry for $160 million | CyberScoop<\/title> <meta name=\"description\" content=\"Minnesota-based Arctic Wolf acquires BlackBerry's Cylance for $160 million. BlackBerry bought Cylance for $1.4 billion in 2018.\"> <link rel=\"canonical\" href=\"https:\/\/cyberscoop.com\/arctic-wolf-cylance-blackberry-acquisition\/\"> <meta property=\"og:locale\" content=\"en_US\"> <meta property=\"og:type\" content=\"article\"> <meta property=\"og:title\" content=\"Arctic Wolf acquires Cylance from BlackBerry for $160 million\"> <meta property=\"og:description\" content=\"Minnesota-based Arctic Wolf acquires BlackBerry's Cylance for $160 million. BlackBerry bought Cylance for $1.4 billion in 2018.\"> <meta property=\"og:url\" content=\"https:\/\/cyberscoop.com\/arctic-wolf-cylance-blackberry-acquisition\/\"> <meta property=\"og:site_name\" content=\"CyberScoop\"> <meta property=\"article:published_time\" content=\"2024-12-16T21:24:58+00:00\"> <meta property=\"article:modified_time\" content=\"2024-12-16T21:25:00+00:00\"> <meta property=\"og:image\" content=\"https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million-2.jpg\"> <meta property=\"og:image:width\" content=\"1920\"> <meta property=\"og:image:height\" content=\"1028\"> <meta property=\"og:image:type\" content=\"image\/jpeg\"> <meta name=\"author\" content=\"Greg Otto\"> <meta name=\"twitter:card\" content=\"summary_large_image\"> <meta name=\"twitter:creator\" content=\"@gregotto\">  <link rel=\"dns-prefetch\" href=\"\/\/securepubads.g.doubleclick.net\">\n<link rel=\"dns-prefetch\" 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class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<p> <main id=\"main\" role=\"main\" tabindex=\"-1\"> <\/p>\n<div class=\"ad ad--top ad--top-mobile\">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<section id=\"stickybar\" class=\"stickybar stickybar--newsletter js-stickybar\" readability=\"0.82\"> <button class=\"stickybar__close js-stickybar-close\" aria-controls=\"stickybar\"> <svg class=\"icon icon--close\" width=\"21\" height=\"22\" viewBox=\"0 0 21 22\" fill=\"none\"><path d=\"m.822.518-.805.805L9.695 11 .017 20.678l.805.805 9.678-9.678 9.677 9.678.806-.805L11.305 11l9.678-9.677-.806-.805-9.677 9.677L.822.518Z\" fill=\"currentColor\" \/><\/svg> <span class=\"visually-hidden\">Close<\/span> <\/button> <\/section>\n<article class=\"single-article content\">\n<div class=\"single-article__container js-single-article-content\">\n<header class=\"single-article__header \" readability=\"24.938775510204\">\n<div class=\"single-article__header-content\" readability=\"33.506097560976\">\n<p> The once-prominent technology firm bought Cylance for $1.4 billion in 2018. <\/p>\n<p>  <br \/>\n<audio id=\"audio-player\" src=\"https:\/\/wp-tts-cdn.api.scpnewsgrp.com\/cyberscoop\/82922\/english.openai.mp3\"><\/audio> <\/p>\n<div readability=\"11\">\n<div>\n<p>Listen to this article<\/p>\n<p>  <\/p>\n<p>0:00<\/p>\n<\/p><\/div>\n<p>  <\/p>\n<p> <span id=\"tts-tooltip\">Learn more.<\/span> <span> This feature uses an automated voice, which may result in occasional errors in pronunciation, tone, or sentiment. <\/span> <\/p>\n<\/div>\n<p>  <\/div>\n<div class=\"single-article__cover-wrap\">\n<figure class=\"single-article__cover\"> <img data-recalc-dims=\"1\" fetchpriority=\"high\" width=\"640\" height=\"343\" src=\"https:\/\/i0.wp.com\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million.jpg?resize=640%2C343&ssl=1\" class=\"single-article__cover-image wp-post-image\" alt=\"money dollars banking finance cybercrime\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million-2.jpg 1920w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million-2.jpg?resize=300,161 300w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million-2.jpg?resize=768,411 768w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million-2.jpg?resize=1024,548 1024w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million-2.jpg?resize=1536,822 1536w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million-2.jpg?resize=600,321 600w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million-2.jpg?resize=1200,643 1200w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million-2.jpg?resize=1500,803 1500w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"><figcaption> (Getty Images) <\/figcaption><\/figure>\n<\/p><\/div>\n<\/header>\n<div class=\"single-article__content\">\n<div class=\"single-article__content-inner has-drop-cap\"> <html readability=\"25.727195659546\"><body readability=\"51.747512437811\"><\/p>\n<p>Minnesota-based Arctic Wolf, a cybersecurity operations firm, announced an agreement Monday to acquire BlackBerry\u2019s Cylance business for $160 million, a stark drop from the $1.4 billion BlackBerry <a href=\"https:\/\/cyberscoop.com\/blackberry-cylance-acquisition\/\">initially paid<\/a> to acquire the startup in 2018. <\/p>\n<p>Arctic Wolf is integrating Cylance\u2019s AI-powered endpoint security technology into its platform to broaden its security solutions. With this acquisition, Arctic Wolf plans to bolster its presence in the competitive cybersecurity market, leveraging Cylance\u2019s technology. It marks Arctic Wolf\u2019s sixth acquisition to date, enhancing its portfolio with previous acquisitions such as RootSecure and Tetra Defense.<\/p>\n<p>The sale includes a cash payment and approximately 5.5 million common shares of Arctic Wolf, with BlackBerry set to receive around $80 million at closing and the remainder following in fiscal 2025. The deal is expected to be finalized in BlackBerry\u2019s fiscal Q4.<\/p>\n<p>John Giamatteo, CEO of BlackBerry, highlighted the sale\u2019s benefits for all stakeholders involved, ensuring continuity for Cylance\u2019s clients. \u201cOur customers will realize the benefits of continuity of service and the expertise that Arctic Wolf provides,\u201d he said in a statement, noting that BlackBerry will remain involved in the sector as a reseller and shareholder post-transaction.<\/p>\n<div class=\"ad ad--inline_1 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<p>Cylance, founded in 2012 and acquired by BlackBerry in 2018, initially anticipated a strengthened position in the cybersecurity space. Prior to the acquisition, the tool was<a href=\"https:\/\/fedscoop.com\/how-the-opm-breach-was-really-discovered\/\"> instrumental in discovering<\/a> the malware responsible for the historic breach at the Office of Personnel Management. However, market shifts toward threat detection and response \u2014 capabilities that Cylance lacked \u2014 dampened its market hold. <\/p>\n<p>Nick Schneider, Arctic Wolf\u2019s CEO, expressed the imperative need for integrated security operations, identifying weakness in isolated point solutions. \u201cSecurity has an operations and effectiveness problem and endpoint solutions alone have failed to live up to the outcomes they have promised for years,\u201d <a href=\"https:\/\/arcticwolf.com\/resources\/press-releases\/arctic-wolf-and-blackberry-announce-acquisition-agreement-for-cylance\/\">Schneider stated<\/a>, emphasizing the need for a unified platform that effectively minimizes risk and enhances resilience.<\/p>\n<p>The planned integration of Cylance\u2019s AI capabilities into Arctic Wolf\u2019s open-XDR Aurora platform is set to advance endpoint security deliverables and harness automated intelligence to preemptively counteract cybersecurity threats.<\/p>\n<p><\/body> <\/p>\n<footer class=\"single-article__footer\" readability=\"4.2565298507463\">\n<div class=\"author-card\" readability=\"14\">\n<div class=\"author-card__avatar\">\n<figure class=\"author-card__image-wrap\"> <img data-recalc-dims=\"1\" decoding=\"async\" class=\"author-card__image\" src=\"https:\/\/i0.wp.com\/ddi.mohflo.net\/wp-content\/uploads\/2024\/12\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million-1.jpg?w=640&ssl=1\" alt=\"Greg Otto\"> <\/figure>\n<\/p><\/div>\n<p><h4 class=\"author-card__name\">Written by Greg Otto<\/h4>\n<p> Greg Otto is Editor-in-Chief of CyberScoop, overseeing all editorial content for the website. Greg has led cybersecurity coverage that has won various awards, including accolades from the Society of Professional Journalists and the American Society of Business Publication Editors. Prior to joining Scoop News Group, Greg worked for the Washington Business Journal, U.S. News & World Report and WTOP Radio. He has a degree in broadcast journalism from Temple University. <\/p>\n<\/p><\/div>\n<div class=\"single-article__tags-container\">\n<h4 class=\"single-article__tags-title\">In This Story<\/h4>\n<\/p><\/div>\n<\/footer>\n<p> <\/html><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"single-article__ads js-single-article-sidebar\">\n<div class=\"ad ad--sidebar js-single-article-sidebar-5 ad--rightrail_1 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<div class=\"ad ad--sidebar js-single-article-sidebar-4 ad--rightrail_2 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<div class=\"ad ad--sidebar js-single-article-sidebar-3 ad--rightrail_3 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div><\/div>\n<\/article>\n<div class=\"popular-stories popular-stories--single-post\">\n<div class=\"popular-stories__container\">\n<h2 class=\"popular-stories__title\"> More Scoops <\/h2>\n<p>  <\/div>\n<p>\n<\/div>\n<p> <\/p>\n<section class=\"latest-podcasts\">\n<h2 class=\"latest-podcasts__title\"> Latest Podcasts\t<\/h2>\n<\/section>\n<div class=\"top-categories\">\n<div class=\"top-categories__container\">\n<h3 class=\"top-categories__category-title\">Government<\/h3>\n<\/p><\/div>\n<div class=\"top-categories__container\">\n<h3 class=\"top-categories__category-title\">Technology<\/h3>\n<\/p><\/div>\n<div class=\"top-categories__container\">\n<h3 class=\"top-categories__category-title\">Geopolitics<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<p> <\/main> <\/p>\n<div class=\"ad ad--bottom \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<div id=\"interstitial\" class=\"welcome__container\"> <button id=\"close-modal-1\" class=\"welcome__clickable_area\"><\/button> <\/p>\n<div class=\"welcome__ad_wrapper\">\n<p> <button id=\"close-modal-3\" class=\"welcome__continue-button\">Continue to CyberScoop<\/button> <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>   <\/body> <a href=\"https:\/\/cyberscoop.com\/arctic-wolf-cylance-blackberry-acquisition\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arctic Wolf acquires Cylance from BlackBerry for $160 million |<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1841,3348,1365],"tags":[1847,3349,1366],"class_list":["post-6641","post","type-post","status-publish","format-standard","hentry","category-arctic-wolf","category-blackberry-cylance","category-money","tag-arctic-wolf","tag-blackberry-cylance","tag-money"],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","chromenews-featured":"","chromenews-large":"","chromenews-medium":""},"author_info":{"display_name":"Cyber Scoop","author_link":"https:\/\/ddi.mohflo.net\/index.php\/author\/cyberscoop\/"},"category_info":"<a href=\"https:\/\/ddi.mohflo.net\/index.php\/category\/arctic-wolf\/\" rel=\"category tag\">Arctic Wolf<\/a> <a href=\"https:\/\/ddi.mohflo.net\/index.php\/category\/blackberry-cylance\/\" rel=\"category tag\">BlackBerry Cylance<\/a> <a href=\"https:\/\/ddi.mohflo.net\/index.php\/category\/money\/\" rel=\"category tag\">Money<\/a>","tag_info":"Money","comment_count":"0","jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/ddi.mohflo.net\/index.php\/wp-json\/wp\/v2\/posts\/6641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ddi.mohflo.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ddi.mohflo.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ddi.mohflo.net\/index.php\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/ddi.mohflo.net\/index.php\/wp-json\/wp\/v2\/comments?post=6641"}],"version-history":[{"count":0,"href":"https:\/\/ddi.mohflo.net\/index.php\/wp-json\/wp\/v2\/posts\/6641\/revisions"}],"wp:attachment":[{"href":"https:\/\/ddi.mohflo.net\/index.php\/wp-json\/wp\/v2\/media?parent=6641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ddi.mohflo.net\/index.php\/wp-json\/wp\/v2\/categories?post=6641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ddi.mohflo.net\/index.php\/wp-json\/wp\/v2\/tags?post=6641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

{"id":6641,"date":"2024-12-16T15:24:58","date_gmt":"2024-12-16T21:24:58","guid":{"rendered":"https:\/\/cyberscoop.com\/?p=82922"},"modified":"2024-12-16T15:24:58","modified_gmt":"2024-12-16T21:24:58","slug":"arctic-wolf-acquires-cylance-from-blackberry-for-160-million","status":"publish","type":"post","link":"https:\/\/ddi.mohflo.net\/index.php\/2024\/12\/16\/arctic-wolf-acquires-cylance-from-blackberry-for-160-million\/","title":{"rendered":"Arctic Wolf acquires Cylance from BlackBerry for $160 million"},"content":{"rendered":"