Privately owned Cylance uses machine learning to preempt security breaches before they occur.

Cylance will continue to operate as a separate business unit after the deal closes, BlackBerry said.

Shane Shook, chief knowledge officer at cybersecurity services company Cylance Inc, suggested the private sector should organize information sharing itself.

Cylance CEO and founder Stuart McClure said his company plans to announce its first products next year, which will include technology from Ridgeway.

Cylance, which has over 3,500 active enterprise customers, had been considering filing for a stock market floatation, according to a report in Business Insider.