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Visitors try out Blackberry smartphones on the first day of the CeBIT 2012 technology trade fair on March 6, 2012 in Hanover, Germany. Sean Gallup | Getty Images News | Getty Images
BlackBerry Ltd said on Friday it will acquire Cylance, an artificial intelligence and cybersecurity company, for $1.4 billion in cash to help expand its QNX unit that makes software for
next-generation autonomous cars. Besides the cash component, the deal includes the assumption of Cylance's unvested employee incentives, BlackBerry said. California-based Cylance
develops AI-based products to prevent cyberattacks on companies and recently considered filing for an IPO, according to a report in Business Insider. The Canadian technology company, which
dominated the smartphone market a decade ago, has shifted to selling software to manage mobile devices in addition to focusing on emerging areas like autonomous cars. Cylance will operate as
a separate business unit within BlackBerry, the company said.
