Arctic Wolf and BlackBerry Limited announced an agreement for Arctic Wolf to acquire BlackBerry’s Cylance endpoint security assets.
Cylance, known for its AI-based endpoint protection, will enhance Arctic Wolf’s offerings in the endpoint security market.
The acquisition is valued at $160 million, consisting of cash and common shares.
BlackBerry will receive $80 million in cash at closing and an additional $40 million a year later, following price adjustments.
The transaction requires customary closing conditions and is expected to finalize in BlackBerry’s fourth fiscal quarter.
Customer demand
With Cylance’s capabilities added to its open-XDR Aurora platform, Arctic Wolf aims to provide a unified approach to security operations, addressing customers’ demand for comprehensive solutions.
Nick Schneider stated that the acquisition will help reduce alert fatigue and total risk exposure for clients.
John Giamatteo of BlackBerry expressed optimism about the deal, highlighting its benefits for stakeholders and the continuity of service for customers.
BlackBerry’s Secure Communications portfolio will remain unaffected by the transaction.
Arctic Wolf will now offer a robust endpoint security solution, enhancing its position in the industry.
Cylance has a reputation for preventing 98% of attacks and was recently recognized by Gartner as a Customers’ Choice for endpoint protection platforms.
This integration positions Arctic Wolf to deliver advanced protection solutions within a broad commercial security operations framework.
