Dell Ventures, Citi Ventures and Capital One Ventures are all set to exit endpoint security software provider after Blackberry agreed an acquisition.
Enterprise software supplier Blackberry confirmed today that it has agreed to acquire US-based cybersecurity technology provider Cylance, allowing corporates Dell, Citi and Capital One to exit.
The deal will consist of $1.4bn in cash and the assumption of unvested employee incentive awards. Blackberry’s interest in the acquisition was first reported by Business Insider, and the deal is expected to close by the end of February 2019.
Cylance produces predictive endpoint cybersecurity products that utilise artificial intelligence to combat malware and…
