BlackBerry to buy cybersecurity firm Cylance for $1.4 billion By Reuters

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© Reuters. A sign is displayed on the building Blackberry


© Reuters. A sign is displayed on the building Blackberry’s offices in Waterloo

(Reuters) – Canadian software maker BlackBerry Ltd (TO:) said on Friday it will acquire Cylance, an artificial intelligence and cybersecurity company, for $1.4 billion in cash.

Besides the cash component, the deal includes the assumption of Cylance’s unvested employee incentives, BlackBerry said.

Cylance will operate as a separate business unit within BlackBerry, the company said.

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