Arctic Wolf and BlackBerry Announce Acquisition Agreement for Cylance
BlackBerry (NYSE:BB) has agreed to sell its Cylance endpoint security assets to Arctic Wolf for $160 million in cash and approximately 5.5 million Arctic Wolf common shares. The deal structure includes $80 million cash at closing, with an additional $40 million to be paid one year later. The transaction is expected to close in BlackBerry's fourth fiscal quarter.
Cylance, known for AI-based endpoint protection, will be integrated into Arctic Wolf's Security Operations Aurora Platform. The acquisition aims to enhance Arctic Wolf's market position by combining Cylance's endpoint security capabilities with their existing platform, offering comprehensive security coverage from endpoint to edge.
BlackBerry's Secure Communications portfolio, including UEM, AtHoc, and SecuSUITE, will remain unaffected by this transaction. BlackBerry will continue as a reseller of the portfolio to government customers and maintain a stake as a shareholder in Arctic Wolf.
BlackBerry (NYSE:BB) ha accettato di vendere i propri beni di sicurezza endpoint di Cylance ad Arctic Wolf per 160 milioni di dollari in contante e circa 5,5 milioni di azioni ordinarie di Arctic Wolf. La struttura dell'accordo prevede un pagamento di 80 milioni di dollari in contante al momento della chiusura, con ulteriori 40 milioni da pagare un anno dopo. Si prevede che la transazione si chiuderà nel quarto trimestre fiscale di BlackBerry.
Cylance, nota per la protezione degli endpoint basata su AI, sarà integrata nella piattaforma di Operazioni di Sicurezza Aurora di Arctic Wolf. L'acquisizione mira a rafforzare la posizione di mercato di Arctic Wolf combinando le capacità di sicurezza degli endpoint di Cylance con la loro piattaforma esistente, offrendo una copertura di sicurezza completa dall'endpoint al perimetro.
Il portafoglio di Comunicazioni Sicure di BlackBerry, inclusi UEM, AtHoc e SecuSUITE, rimarrà inalterato da questa transazione. BlackBerry continuerà a fungere da rivenditore del portafoglio per i clienti governativi e manterrà una partecipazione come azionista in Arctic Wolf.
BlackBerry (NYSE:BB) ha accedido a vender sus activos de seguridad en el punto final de Cylance a Arctic Wolf por 160 millones de dólares en efectivo y aproximadamente 5.5 millones de acciones comunes de Arctic Wolf. La estructura del acuerdo incluye 80 millones de dólares en efectivo al cierre, con 40 millones adicionales que se pagarán un año después. Se espera que la transacción se cierre en el cuarto trimestre fiscal de BlackBerry.
Cylance, conocida por su protección de punto final basada en inteligencia artificial, se integrará en la Plataforma de Operaciones de Seguridad Aurora de Arctic Wolf. La adquisición tiene como objetivo mejorar la posición de mercado de Arctic Wolf al combinar las capacidades de seguridad de punto final de Cylance con su plataforma existente, ofreciendo una cobertura de seguridad integral desde el punto final hasta el borde.
El portafolio de Comunicaciones Seguras de BlackBerry, que incluye UEM, AtHoc y SecuSUITE, permanecerá sin cambios por esta transacción. BlackBerry continuará actuando como revendedor del portafolio para clientes gubernamentales y mantendrá una participación como accionista en Arctic Wolf.
블랙베리 (NYSE:BB)가 Arctic Wolf에 사일런스 엔드포인트 보안 자산을 1억 6천만 달러 현금과 약 550만 주의 Arctic Wolf 보통주로 판매하기로 합의했습니다. 거래 구조는 거래 완료 시 8천만 달러 현금을 포함하며, 1년 후에 추가로 4천만 달러가 지급될 예정입니다. 이 거래는 블랙베리의 회계 연도 4분기에 마무리될 것으로 예상됩니다.
AI 기반 엔드포인트 보호로 알려진 Cylance는 Arctic Wolf의 보안 운영 아우라 플랫폼에 통합될 것입니다. 이번 인수는 Cylance의 엔드포인트 보안 기능과 기존 플랫폼을 결합하여 Arctic Wolf의 시장 위치를 강화하고, 엔드포인트에서 엣지까지 포괄적인 보안 범위를 제공하는 것을 목표로 하고 있습니다.
블랙베리의 안전한 통신 포트폴리오인 UEM, AtHoc 및 SecuSUITE는 이번 거래에 영향을 받지 않습니다. 블랙베리는 정부 고객을 위한 포트폴리오의 재판매자로 지속 활동하며 Arctic Wolf의 주주로서 지분을 유지할 것입니다.
BlackBerry (NYSE:BB) a accepté de vendre ses actifs de sécurité des points de terminaison de Cylance à Arctic Wolf pour 160 millions de dollars en espèces et environ 5,5 millions d'actions ordinaires Arctic Wolf. La structure de l'accord inclut 80 millions de dollars en espèces lors de la clôture, avec un autre 40 millions qui seront payés un an plus tard. La transaction devrait se clôturer au quatrième trimestre fiscal de BlackBerry.
Cylance, connue pour sa protection des points de terminaison basée sur l'IA, sera intégrée à la plateforme d'opérations de sécurité Aurora d'Arctic Wolf. L'acquisition vise à renforcer la position de marché d'Arctic Wolf en combinant les capacités de sécurité des points de terminaison de Cylance avec leur plateforme existante, offrant ainsi une couverture de sécurité complète de l'extrémité au périmètre.
Le portefeuille de communications sécurisées de BlackBerry, y compris UEM, AtHoc et SecuSUITE, restera inchangé par cette transaction. BlackBerry continuera à agir en tant que revendeur du portefeuille pour les clients gouvernementaux et conservera une participation en tant qu'actionnaire d'Arctic Wolf.
BlackBerry (NYSE:BB) hat zugestimmt, seine Cylance-Endpunkt-Sicherheitsressourcen für 160 Millionen Dollar in bar und etwa 5,5 Millionen Stammaktien von Arctic Wolf zu verkaufen. Die Struktur des Deals umfasst 80 Millionen Dollar in bar bei Abschluss, wobei ein weiteres 40 Millionen Dollar ein Jahr später gezahlt werden sollen. Es wird erwartet, dass die Transaktion im vierten Quartal des Geschäftsjahres von BlackBerry abgeschlossen wird.
Cylance, bekannt für KI-basierte Endpunktschutzlösungen, wird in die Sicherheitsoperationsplattform Aurora von Arctic Wolf integriert. Die Akquisition zielt darauf ab, die Marktposition von Arctic Wolf zu verbessern, indem die Endpunktsicherheitsfähigkeiten von Cylance mit ihrer bestehenden Plattform kombiniert werden, was eine umfassende Sicherheitsdeckung vom Endpunkt bis zum Rand bietet.
Das Portfolio für sichere Kommunikation von BlackBerry, einschließlich UEM, AtHoc und SecuSUITE, bleibt von dieser Transaktion unberührt. BlackBerry wird weiterhin als Wiederverkäufer des Portfolios für Regierungsbehörden tätig sein und eine Beteiligung als Aktionär an Arctic Wolf behalten.
- Sale value of $160M plus 5.5M Arctic Wolf shares
- Immediate cash infusion of $80M at closing
- Additional $40M cash payment after one year
- BlackBerry retains reseller rights for government customers
- Maintains equity stake in Arctic Wolf through share component
- Divestment of key cybersecurity asset from BlackBerry's portfolio
- Reduction in direct cybersecurity market presence
Insights
The
The transaction's timing aligns with BlackBerry's strategic pivot and should improve its balance sheet position. While representing a significant write-down from BlackBerry's original
This acquisition marks a significant consolidation in the endpoint security market, combining Cylance's AI-driven prevention capabilities with Arctic Wolf's security operations platform. The integration addresses the growing market demand for unified security solutions, potentially creating a more competitive offering against established players like CrowdStrike and SentinelOne. The deal strengthens Arctic Wolf's position by adding native endpoint protection to their XDR platform while maintaining compatibility with 15+ endpoint solutions.
Cylance's
Arctic Wolf to enhance its Security Operations Aurora Platform with best-in-class endpoint prevention, detection, and response
WATERLOO, ON and EDEN PRAIRIE, MN / ACCESSWIRE / December 16, 2024 / Arctic Wolf® and BlackBerry Limited (NYSE:BB)(TSX:BB), two global leaders in security software and services, today announced they have entered into a definitive agreement for Arctic Wolf to acquire BlackBerry's Cylance® endpoint security assets. Cylance is the pioneer of AI-based endpoint protection trusted by thousands of organizations around the world. With this acquisition, Arctic Wolf 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.
Under the terms of the agreement, BlackBerry will sell its Cylance assets to Arctic Wolf for
The proposed transaction is subject to customary closing conditions and is expected to close in BlackBerry's fourth fiscal quarter.
Arctic Wolf is a leader in AI-powered security operations, delivering its solutions from a single open platform to meet customers' needs for effective, comprehensive, and reliable security outcomes. With the addition of Cylance's trailblazing suite of endpoint security capabilities and enhanced AI functionality, Arctic Wolf will bolster its position as a market-leading platform provider, offering coverage from the endpoint to the edge.
As many organizations are looking to consolidate an increasing number of disparate security tools, there is a rapidly growing demand for end-to-end platforms.
"Security has an operations and effectiveness problem and endpoint solutions alone have failed to live up to the outcomes they have promised for years," said Nick Schneider, president and chief executive officer, Arctic Wolf. "By incorporating Cylance's endpoint security capabilities into our open-XDR Aurora platform, we will be addressing a rampant need for a truly unified, effective security operations that delivers better outcomes for customers. We believe we will be able to rapidly eliminate alert fatigue, reduce total risk exposure, and help customers unlock further value with our warranty and insurability programs."
"I am incredibly excited to partner with Arctic Wolf through this agreement," said John Giamatteo, chief executive officer of BlackBerry. "We see this transaction as a win-win for our shareholders and all other stakeholders. Our customers will realize the benefits of continuity of service and the expertise that a global cybersecurity leader like Arctic Wolf provides. Arctic Wolf benefits by adding Cylance's endpoint security solutions to its native platform. Finally, as Arctic Wolf leverages its scale to build upon and grow the Cylance business, BlackBerry will benefit as a reseller of the portfolio to our large government customers and as a shareholder of the company."
There will be 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.
Redefining the Modern Security Platform for Customers and Partners
With the addition of a native endpoint security solution to its portfolio, Arctic Wolf is building one of the largest open XDR security platforms in the industry, enabling customers and partners to have the option to leverage more than 15 supported endpoint solutions. Arctic Wolf is currently the only security operations leader offering this type of optionality, which combined with its comprehensive approach to minimizing risk through security operations, makes it uniquely positioned to drive value for customers of all sizes and security maturity.
Cylance has a long history of recognition as a market leader, known for stopping
"Organizations are looking to unify tools and operations via a single platform that can effectively analyze and respond to security threats, drive consistent security outcomes, and demonstrably minimize risk," said Dan Schiappa, chief product and services officer, Arctic Wolf. "In the past, this has been a near-impossible, costly goal for resource-constrained leaders. By adding endpoint security to our platform, we will be delivering the security outcomes organizations want in one, frictionless operational platform to go toe-to-toe with today's advanced threats, while maintaining our commitment to customers and partners leveraging other endpoint solutions."
Perella Weinberg Partners LP served as exclusive financial adviser to BlackBerry and Morrison Foerster LLP served as legal adviser to BlackBerry. Cooley LLP served as legal adviser to Arctic Wolf.
Join BlackBerry's CEO and CFO today, Monday, December 16, at 5:30 p.m.ETfor more information on today's announcement. The call, which will be live streamed to the general public, can be accessed using the following link (here), through the Company's investor webpage (BlackBerry.com/Investors), or by dialing toll free +1 (844) 763-8275 and entering Elite Entry Number 51772. A replay will be available at approximately 8:30 p.m. ET today, using the same webcast link (here) or by dialing toll free +1 (877) 481-4010 and entering Replay Access Code 51772.
Read more about Arctic Wolf's intent to acquire Cylance in a blog post from Arctic Wolf's Chief Product and Services Officer, Dan Schiappa.
Additional Resources:
Join the conversation with Arctic Wolf on Facebook, Twitter, LinkedIn, and YouTube
Visit arcticwolf.com to learn more about our security operations solutions
If you're ready to get started, request a demo, get a quote, or conduct a Security Operations Maturity Assessment
Want to join Arctic Wolf's Partner Program? Apply today
About BlackBerry
BlackBerry (NYSE:BB)(TSX:BB) provides intelligent security software and services to enterprises and governments around the world. The company's software powers over 255M vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety, and data privacy solutions, and is a leader in the areas of endpoint management, endpoint security, encryption, and embedded systems. BlackBerry's vision is clear - to secure a connected future you can trust. For more information, visit BlackBerry.com and follow @BlackBerry.
Trademarks, including but not limited to BLACKBERRY and EMBLEM Design, are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.
About Arctic Wolf:
Arctic Wolf® is a global leader in security operations, enabling customers to manage their cyber risk in the face of modern cyber-attacks via a premier cloud-native security operations platform. The Arctic Wolf Aurora Platform ingests and analyzes more than 7 trillion security events a week to help enable cyber defense at an unprecedented capacity and scale, empowering customers of virtually any size across a wide range of industries to feel confident in their security posture, readiness, and long-term resilience. By delivering automated threat protection, response, and remediation capabilities, Arctic Wolf delivers world-class security operations with the push of a button so customers can defend their greatest assets at the speed of data. For more information about Arctic Wolf, visit arcticwolf.com or follow us at @AWNetworks, on LinkedIn or Facebook.
© 2024 Arctic Wolf Networks, Inc., All Rights Reserved. Arctic Wolf, Aurora, Alpha AI, Arctic Wolf Security Operations Cloud, Arctic Wolf Managed Detection and Response, Arctic Wolf Managed Risk, Arctic Wolf Managed Security Awareness, Arctic Wolf Incident Response, and Arctic Wolf Concierge Security Team are either trademarks or registered trademarks of Arctic Wolf Networks, Inc. or Arctic Wolf Networks Canada, Inc. and any subsidiaries in Canada, the United States, and/or other countries.
BlackBerry Investor Contact:
BlackBerry Investor Relations
+1 (519) 888-7465
investorrelations@blackberry.com
BlackBerry Media Contacts:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com
Arctic Wolf Press Contact:
Ilina Cashiola
ilina.cashiola@arcticwolf.com
202-340-0517
This news release contains forward-looking statements within the meaning of certain securities laws, including under the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including statements regarding the proposed transaction between BlackBerry and Arctic Wolf, the amounts and types of consideration BlackBerry will receive in connection therewith, the anticipated timing and results of the proposed transaction, the potential benefits of the proposed transaction for BlackBerry's customers and shareholders, the expectations and beliefs of BlackBerry, and other statements that are not historical facts.
The words "expect", "anticipate", "estimate", "may", "will", "should", "could", "intend", "believe", "target", "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are based on BlackBerry's current plans, objectives, estimates, assumptions, expectations and intentions and inherently involve significant risks and uncertainties, many of which are beyond BlackBerry's control. Many factors could cause actual achievements with respect to the transaction and the timing of events to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, risks and uncertainty associated with Arctic Wolf's and BlackBerry's ability to complete the proposed transaction on the proposed terms or on the anticipated timeline, or at all; risks and uncertainties related to the satisfaction of conditions to consummate the proposed transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement relating to the proposed transaction; effects relating to the announcement of the proposed transaction or any further announcements or the consummation of the proposed transaction on the market price of BlackBerry's common shares; failure to realize the expected benefits of the proposed transaction, including risks associated with the payment of consideration post-closing and the availability of funds therefor and risks related to the value of Arctic Wolf's common shares; risks related to future opportunities and plans for BlackBerry's business, including its Secure Communications portfolio, and results of BlackBerry following completion of the proposed transaction; the risk of litigation in connection with the proposed transaction, including resulting expense or delay; significant transaction costs and/or unknown or inestimable liabilities; risks related to diverting the attention of BlackBerry management from ongoing business operations; risks related to the proposed transaction disrupting BlackBerry's operations and making it more difficult to conduct business as usual or for BlackBerry to maintain relationships with customers, resellers, channel partners or other third parties; adverse economic, geopolitical and environmental conditions; and other risks and uncertainties affecting BlackBerry, including those described from time to time under the caption "Risk Factors" and elsewhere in BlackBerry's SEC filings and reports, including those discussed in BlackBerry's Annual Report on Form 10-K and the "Cautionary Note Regarding Forward-Looking Statements" section of BlackBerry's MD&A (copies of which filings may be obtained at www.sedar.com or www.sec.gov). All of these factors should be considered carefully and readers should not place undue reliance on BlackBerry's forward-looking statements. Moreover, other risks and uncertainties of which BlackBerry is not currently aware may also affect its forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated.
The forward-looking statements made in this news release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events as at such dates. BlackBerry has no intention and undertakes no obligation, and expressly disclaims any obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE: BlackBerry
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