Canadian software company BlackBerry buys $ 1.4 billion (CYP 32.1 billion) for Cylance, focused on artificial intelligence and cyber security. The acquisition is supposed to help BlackBerry expand its QNX division, which manufactures software for the next generation of autonomous cars. The company said Friday's statement.
The agreement should be concluded by the end of February if approved by the regulatory authorities in due time. Cylance will work within the BlackBerry as a stand-alone division.
Cylance develops artificial intelligence products to prevent cyber attacks on companies. A rapidly growing company has become a leader in this area. It was launched in 2012 with 3500 active customers, of which more than 20 percent are listed on the list of the largest Fortune 500 companies. According to the Business Insider, the firm recently considered entry to the stock market, Reuters reported.
BlackBerry was originally named Research In Motion and was a pioneer in the smartphone industry with its devices. Its devices were especially popular with managers and used by US President Barack Obama. Later, however, the company has begun to lag behind devices running Android and iPhone phones from the American company Apple. It has therefore chosen to move from smartphone manufacturing to software used by businesses and governments to manage their mobile devices and to the so-called Internet of Things, which is the ability to control various devices and appliances over the Internet.
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