Microsoft buys yet another Israeli startup, Adallom, an Israel-based cybersecurity company specializing in defending programs & content in the cloud.
By Arutz Sheva Staff
Microsoft said Tuesday it bought an Israel-based cybersecurity startup specializing in defending programs and content in the cloud, as it expands offerings for the enterprise.
Microsoft did not disclose how much it paid for Adallom, but the website TechCrunch put the purchase price at $250 million.
The acquisition comes as Microsoft responds to the trend toward cloud-based computing, in which data or software is accessed remotely over the Internet.
Microsoft built its revenue selling packaged programs such as its widely used Office software for business or home computers, but the tech giant is shifting to offering that software through cloud-based subscriptions. Continue Reading »
Calcalist reports software giant closes its largest Israeli acquisition that will serve as basis of Microsoft’s upcoming cyber center in Israel.
By Meir Auerbach
Software giant Microsoft has bought Israeli cloud security company Adallom for $320 million, making it the largest acquisition made by the company in the country, according to Ynet’s sister publication Calcalist.
Until now, Adallom has raised 50 million dollars from venture capital firms Sequoia Capital and Index Ventures, Zohar Zisapel, EMC Corporation and HP. According to estimates, Adallom is expected to serve as a basis for the establishment of Microsoft’s cyber center in Israel.
This is the second cyber company Microsoft has bought in the last year: at the end of 2014 it acquired the cyber security firm Aorato for 200 million dollars and has since bought N-trig for several tens of millions of dollars and Equivio for 50 million dollars. Continue Reading »