Cylance

Cylance Inc. is an American software firm based in Irvine, California, that develops antivirus programs and other kinds of computer software that prevents viruses and malware.

In February 2019, the company was acquired by BlackBerry Limited for $1.4 billion. After the acquisition, it continues to operate as an independent subsidiary and will remain headquartered in Irvine, California.

In December 2024, Arctic Wolf has entered into an agreement with BlackBerry Limited to purchase Cylance. BlackBerry will sell its Cylance assets to Arctic Wolf for $160 million of cash, subject to certain adjustments, and approximately 5.5 million common shares of Arctic Wolf. After allowing for the purchase price adjustments, BlackBerry will receive approximately $80 million of cash at closing and approximately $40 million of cash one year following the closing.