Morrison & Foerster is advising BlackBerry Ltd (NYSE: BB; TSX: BB) in its acquisition of artificial intelligence and cybersecurity leader Cylance for US$1.4 billion. The deal is expected to close prior to the end of BlackBerry’s current fiscal year (February 2019).
Cylance is a pioneer in applying artificial intelligence, algorithmic science, and machine learning to cybersecurity software that has proven highly effective at predicting and preventing known and unknown threats to fixed endpoints. Cylance’s capabilities are expected to enhance the BlackBerry Spark platform, a next-generation secure chip-to-edge communications platform for the Enterprise of Things that will create and leverage trusted connections between any endpoint.
The MoFo team is led out of San Francisco by M&A Practice co-chair Eric McCrath and includes Denver corporate partner Erik Knudsen and San Francisco corporate associates Ryan Farha and Anisah Giansiracusa.
Read BlackBerry’s press release here.