BlackBerry and Oracle make acquisitions
Written by NTN staff
BlackBerry has agreed to buy Cylance, an AI software specialist, for $1.4 billion in cash. Meanwhile, Oracle buys an SD-WAN provider.
The US company makes security software and is a specialist in the use of artificial intelligence, algorithmic science and machine learning.
BlackBerry CEO John Chen said the deal will complement the company’s entire portfolio and strengthen its BlackBerry Spark in particular.
Cylance will after close operate as a separate business unit within BlackBerry. The entire workforce of Cylance is expected to join BlackBerry, with Cylance co-founder and CEO Stuart McClure saying the company will use BlackBerry's mobility and security strengths to adapt its AI technology into a single platform.
The deal is expected to complete by the end of February.
In other tech M&S news, Oracle is buying SD-WAN provider Talari Networks, whose technology enhances SD-WAN reliability and predictability.
Talari serves more than 500 enterprise customers in more than 40 countries, across industries including public sector, financial services, insurance, retail and manufacturing.
Oracle expects the deal to close in 2018.