We see this transaction as a win-win for our shareholders and all other stakeholders," BlackBerry CEO John Giammatteo said in a statement. "Our customers will realize the benefits of continuity of service and the expertise that a global cybersecurity leader like Arctic Wolf provides.
Close to eight years ago, BlackBerry, once known for its keyboard-sporting smartphones, was pitching the Cylance buy as a major component of its pivot toward enterprise services.
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.
According to IDC, Cylance had just 1.3% of the market for endpoint security in 2022. Endpoint security refers to protection for devices like desktops, laptops, and mobile devices.
Collection
[
|
...
]