Artic Wolf has successfully closed its acquisition of BlackBerry’s Cylance endpoint security assets.
Both companies signed a definitive agreement on December 15, 2024.
“We are pleased to have successfully closed this essential transaction for BlackBerry and look forward to continuing our relationship with Arctic Wolf as a customer, as a reseller of the portfolio to our large government customers, and as a shareholder of this dynamic and growing company,” stated John Giamatteo, CEO of BlackBerry.
With this acquisition, Arctic Wolf says it ushers in a new era of simplicity, flexibility, and outcomes to the endpoint security market, delivering the security operations results customers have been asking for.
BlackBerry sold its Cylance assets to Arctic Wolf for $160 million of cash and approximately 5.5 million common shares of Arctic Wolf.
For BlackBerry, which acquired Cylance in February 2019 for $1.40 billion U.S, the sale occurred at a major loss.
BlackBerry will receive approximately $80 million of cash at closing and approximately $40 million of cash one year following the closing.
“The launch of Aurora Endpoint Security represents a transformative step in how organizations adopt endpoint protection,” said Nick Schneider, President and CEO of Arctic Wolf.
“By integrating Cylance’s advanced AI-driven capabilities into the Aurora Platform, combined with the expertise of one of the world’s largest commercial security operations centers (SOC), Arctic Wolf’s Aurora Endpoint Security offerings help organizations to reduce risk exposure with better threat prevention and detection, to eliminate alert fatigue and false positives, and build stronger and more resilient defenses.”
BlackBerry says that the acquisition will have no impact to BlackBerry’s Secure Communications portfolio of businesses, which include BlackBerry UEM, BlackBerry AtHoc and BlackBerry SecuSUITE. The Secure Communications business will remain an integral part of the BlackBerry portfolio.
Aurora Endpoint Security is Arctic Wolf’s portfolio of advanced endpoint protection solutions, designed to extend AI-based prevention and detection capabilities directly to the endpoint.
Seamlessly integrated into Arctic Wolf’s Aurora platform, Aurora Endpoint Security leverages insights from over 10,000 customers and more than 7 trillion weekly security observations to address advanced and emerging threats.
Aurora Endpoint Security includes four solutions tailored to diverse customer needs: Aurora Protect, Aurora Endpoint Defense, Aurora Managed Endpoint Defense On-Demand, and Aurora Managed Endpoint Defense.
