BlackBerry, one of the originators of secure smartphone technologies, has become a billion-dollar security company with products aimed at the business market. In February, the firm acquired Cylance, a California-based, privately-held cybersecurity and artificial intelligence company, for $1.4 billion. According to BlackBerry’s CEO, the company aims to become the world’s largest firm in both fields, offering a range of products to businesses who want to ensure that their employees can communicate securely across a range of platforms.
BlackBerry became known for its secure messaging technologies from the earlier days of its time as a smartphone manufacturer, a strength that the firm has leveraged to become a leader in end-to-end secured communications solutions. By pursuing the acquisition of Cylance, the company aims to improve its portfolio in artificial intelligence and machine learning. The combined company will provide security services to over 4,000 companies around the world, focusing on math-based approaches to detecting and preventing threats.
While many companies rely on mobile phones and other communication devices to remain in contact, these devices are often poorly secured, especially when it comes to protecting vital corporate information. In some cases, company phones are targeted for hacks or industrial espionage. Firms may also fall victim to malware circulating among users. In addition to the focus on secure phone communications, BlackBerry also plans to make use of the technologies acquired in the merger to boost its security activities for networked items known as the Internet of Things (IoT).
For many companies, completing a merger or acquisition can be an important way to develop technical abilities to a new level. In order to finish a successful merger, it can be important to complete a thorough due diligence process. By working with a business law attorney, companies can work to proceed successfully through negotiations to buy or sell a business.