Microsoft in Cloud Security Firm Deal
Monday, July 20, 2015 @ 03:07 PM gHale
Microsoft is getting more entrenched in the security world as the software giant paid $320 million for an Israeli data security company Adallom, according to reports.
In addition, Microsoft is now planning to open a cyber security center in Israel in order to expand its services in the area.
Microsoft did not confirm the deal, and the Adallom website remains mum about the pact, but the deal ended up unveiled in the Calcalist financial newspaper.
Adallom is a cloud data security company.
Adallom’s website said:
“Critical applications like collaboration, storage, CRM and ERP are moving to the cloud. This means the critical mass of your corporate data will eventually migrate to the cloud. We make it easy to keep your data safe in the cloud. Our platform works with any user, on any device or location. There is no impact to user experience. And, you don’t have to be a data scientist to understand risks and threats. Quite simply, it’s proven, seamless security.”
Adallom has 80 employees, including 50 workers at the local development center.
Enhancing the security of its products has become a priority for Microsoft.
The deal has a two-pronged affect. It can invest in security by taking over a company that already has the know-how in this field, and second, it can expand its business in Israel by creating a cyber security center.