M&A Deal Summary

Arctic Wolf Acquires Cylance

On December 16, 2024, Arctic Wolf acquired information technology company Cylance from BlackBerry for 160M USD

Acquisition Highlights
  • This is Arctic Wolf’s 4th transaction in the Information Technology sector.
  • This is Arctic Wolf’s largest (disclosed) transaction.
  • This is Arctic Wolf’s 4th transaction in the United States.
  • This is Arctic Wolf’s 3rd transaction in California.

M&A Deal Summary

Date 2024-12-16
Target Cylance
Sector Information Technology
Buyer(s) Arctic Wolf
Sellers(s) BlackBerry
Deal Type Divestiture
Deal Value 160M USD

Target

Cylance

Irvine, California, United States
Cylance develops artificial intelligence to deliver prevention-first, predictive security products and smart, simple, secure solutions that change how organizations approach endpoint security. Cylance provides full spectrum predictive threat prevention and visibility across the enterprise to combat the most notorious and advanced cybersecurity attacks. Cylance was founded in 2012 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Arctic Wolf

Eden Prairie, Minnesota, United States

Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

Arctic Wolf is a cybersecurity platform that help organizations end cyber risk by providing security operations as a concierge service. Highly-trained Concierge Security experts work as an extension of internal teams to provide 24×7 monitoring, detection and response, as well as ongoing risk management to proactively protect organizations while continually strengthening their security posture. Arctic Wolf was founded in 2012 and is based in Eden Prairie, Minnesota.


DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 4 of 4
Type (Divestiture) 1 of 1
State (California) 3 of 3
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Revelstoke

Campbell, California, United States

Revelstoke radically simplifies security orchestration, automation and response (SOAR), so security teams can work faster, smarter and more effectively. With a low-code, drag-and-drop interface, dozens of built-in integrations, incredible visibility into performance metrics, and robust reporting capabilities, Revelstoke empowers analysts to stop threats fast, and gives security leaders a clear picture on the business impact of security operations. Revelstoke is based in Campbell, California.

Buy -

Seller(S) 1

SELLER

BlackBerry

Waterloo, Ontario, Canada

Category Company
Founded 1984
Sector Technology Hardware
Employees2,647
Revenue 853M USD (2024)
DESCRIPTION

BlackBerry a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. BlackBerry was founded in 1984 and is based in Waterloo, Ontario.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 Cylance

Irvine, California, United States

Cylance develops artificial intelligence to deliver prevention-first, predictive security products and smart, simple, secure solutions that change how organizations approach endpoint security. Cylance provides full spectrum predictive threat prevention and visibility across the enterprise to combat the most notorious and advanced cybersecurity attacks. Cylance was founded in 2012 and is based in Irvine, California.

Buy $1.4B