Arctic Wolf has announced its acquisition of Cylance, BlackBerry’s AI-based endpoint security solution, in a deal valued at $160 million in cash and approximately 5.5 million Arctic Wolf common shares. This acquisition strengthens Arctic Wolf’s portfolio, enabling it to deliver comprehensive, unified security operations on its Aurora platform, which processes over seven trillion security events weekly. The move aligns with Arctic Wolf's mission to provide effective and scalable solutions to combat modern cyber threats.
BlackBerry will retain its Secure Communications portfolio while benefiting as a shareholder and reseller of Cylance’s solutions for government clients. The transaction is expected to close in BlackBerry’s fourth fiscal quarter, subject to customary conditions. Arctic Wolf aims to address the growing demand for integrated security tools by leveraging Cylance’s advanced AI capabilities alongside its existing security operations. This strategic acquisition positions Arctic Wolf as a leader in the endpoint-to-edge security market, offering enhanced risk management and operational efficiency to organizations of all sizes. Both companies view this transaction as a step forward in advancing global cybersecurity solutions.
