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BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018
Arctic Wolf has acquired Cylance, BlackBerry's cybersecurity business, for $160 million — marking a major write-down for the latter firm.
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.” But Cylance, founded in 2015 by former McAfee and Intel duo Stuart McClure and Ryan Permeh, struggled to maintain a foothold in an increasingly crowded cybersecurity sector. Earlier this year, BlackBerry CFO Tim Foote said that the company would look to redirect spending from Cylance and other costly areas to grow its more profitable units, like its secure communications business.
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