BlackBerry invests more than 1 billion in AI and cybersecurity with company purchase – Business

BlackBerry invests more than 1 billion in AI and cybersecurity with company purchase - Business



The deal is confirmed and is due to be completed by February next year.

BlackBerry has bought Cylance, a US company in the area of ​​artificial intelligence and cyber security. The deal is valued at $ 1.4 billion and is expected to be completed in February 2019, the closing month of the Canadian technology fiscal year.

In a statement, BlackBerry said the goal is for Cylance, which in six years has managed more than 3,500 corporate customers, to act as a business unit within the group, driving the launch of a communications platform aimed at businesses.

"Cylance's leadership in the areas of artificial intelligence and cybersecurity will immediately complement our offer," said BlackBerry chief executive and chief executive John Chen.

Specifically, Cylance will support BlackBerry Spark, the BlackBerry solution designed to make Internet-to-Business communication more secure in a business environment. "We believe that associating Cylance's capabilities to our knowledge of privacy, secure mobility and embedded systems will make BlackBerry Spark indispensable," added John Chen.

Another area of ​​the BlackBerry that can benefit is the QNX unit, which is reserved for the development of standalone car software, in which the Canadian group has stopped investing since it stopped producing smartphones.



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