Arctic Wolf to Acquire Cylance Endpoint Security Business from BlackBerry
Arctic Wolf recently announced that it would acquire BlackBerry's Cylance endpoint security business for $160 million . Cylance is the pioneer of AI-based endpoint protection and is trusted by thousands of organizations worldwide. 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.
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.
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.
'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.' 0 0
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