Microsoft has reportedly acquired Israeli security company Adallom for $320 million
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Microsoft has acquired yet another Israeli company. The company has reportedly bought Israeli security company, Adallom for $320 million – the largest acquisition made by Microsoft in the country so far.
For those who don’t know, Adallom is focused on securing enterprise data in SaaS applications, including Office 365, Office 365, Box, Google Apps, Dropbox and others.
Back in April, the company secured a $30m round C investment which includes a strategic investment by newly launched Hewlett Packard Ventures, new stakeholder Rembrandt Venture Partners, and previous investors Sequoia Capital and Index Ventures.
This is the second Israeli cyber company that Microsoft has acquired. Last year, the company acquired Aorato – which is also focused on enterprise Security, as well as machine learning.
What do you think of Microsoft’s latest acquisition? Discuss in the comment section below!
Source: Globes
