Arctic Wolf Acquires BlackBerry's Cylance Security Assets

Arctic Wolf and BlackBerry have announced a definitive agreement for Arctic Wolf to acquire BlackBerry's Cylance endpoint security assets. The transaction, valued at $160 million in cash and approximately 5.5 million Arctic Wolf shares, aims to augment Arctic Wolf's Security Operations Aurora Platform with renowned AI-driven endpoint protection.

Upon completion, BlackBerry anticipates receiving close to $120 million over two years, subject to customary closing conditions expected by BlackBerry's fourth fiscal quarter. This acquisition is set to consolidate Arctic Wolf's position as a leading provider of comprehensive security platforms, addressing the demand for unified cybersecurity solutions.

BlackBerry highlights the transaction's benefits for its stakeholders, ensuring continuity of service and leveraging Arctic Wolf's expertise. With Cylance's integration, Arctic Wolf aims to reduce risk exposure and enhance security outcomes through a unified platform.