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 »