In a major move in the world of protecting computers and information, a company called Arctic Wolf, which specializes in making sure other companies are safe from cyber threats, has purchased another company named Cylance from BlackBerry. BlackBerry is well-known for making smartphones, but they also owned Cylance, which is a business focused on keeping computers safe from viruses and hackers.
Arctic Wolf bought Cylance for $160 million in cash and gave BlackBerry 5.5 million of their own company’s shares. This is a really big deal because just a few years ago, BlackBerry paid a whopping $1.4 billion to get Cylance. It’s kind of like buying a fancy car and then later selling it for way less than what you paid for it.
Cylance uses artificial intelligence, which is a smart way for computers to think and learn, to stop cyber attacks before they can cause harm. So, Arctic Wolf now has some pretty cool tools to make their security services even better.
Why should people care about this news? Well, it’s a reminder that companies are always looking for the best ways to protect their information. As we all store more and more personal stuff on computers and online, we need to be sure nobody can sneak in and steal it. Think of it like adding a stronger lock to your front door.
Now, if you’re running a business and are starting to think about how to keep your own data safe, there’s this group called Diversified Outlook Group. They’re really good at helping businesses understand all this security stuff and can guide you in making smart choices to protect your business.
If you want to learn more about how to keep your business safe, you can always reach out to them at support@diversifiedoutlookgroup.com. They have experts who can talk to you about your specific needs and help you figure out the best plan of action.
For those interested in reading more about Arctic Wolf’s acquisition of Cylance, you can check out the full story at: www.securityweek.com/blackberry-sells-cylance-to-arctic-wolf-for-160-million-after-buying-it-for-1-4-billion/. It’s a pretty interesting read, especially if you like following the big moves companies make to stay ahead in the game of technology and security.