Deal Value

"BlackBerry hands over $1.4bn in cash for endpoint security provider Cylance. The acquirer has made a shift from mobile devices to enterprise software and services, with a strong focus on cybersecurity. As tracked by 451 Research’s M&A Knowledge Base, this is BlackBerry’s largest deal to date, and further illustrates the changing dynamic of the endpoint market in general, with enterprises seeing usage – and threats – growing both in terms of mobile devices and traditional endpoints.

"'Bomgar has become a key competitor in the secure remote and privileged access management markets, driven by its innovative platform of secure access solutions and steadfast commitment to customer service excellence'...'We see an opportunity to build upon Bomgar’s impressive technology and enthusiastic customer base to rapidly expand their product portfolio and market presence. We are excited to partner with the entire Bomgar team to grow the business and explore new market opportunities.'" Acquirer press release, 4/3/18.