14 DAY TRIAL // Microsoft has recently announced the acquisition of Israeli cybersecurity firm Adallom, a new entity that should help the technology giant improve the security of its cloud services.
The first reports of a possible acquisition reached the web during the summer, but Microsoft has only now confirmed the deal, still, without providing any information on financial terms. It’s believed, however, that Redmond spent approximately $300 million for the Israeli company.
Adallom is already working with popular cloud services, such as Salesforce, Box, Dropbox, and ServiceNow, but will soon get integration in Microsoft products too as part of the Office 365 and Enterprise Mobility Suite, the company confirms in a press release (which you can find after the jump).
Founded by former members of Israeli intelligence agencies
Adallm was founded in 2012 by three members of Israeli intelligence agencies, namely Assaf Rappaport, Ami Luttwak and Roy Reznik, and Microsoft says that the “team will continue to evolve,” so all three will remain within the company despite the acquisition.
“Adallom expands on Microsoft’s existing identity assets, and delivers a cloud access security broker, to give customers visibility and control over application access as well as their critical company data stored across cloud services,” Microsoft explains.
“This acquisition is the latest example of Microsoft’s commitment to delivering innovative identity and security capabilities to our customers, across both on-premises and multiple clouds,” Takeshi Numoto, Corporate Vice President, Cloud and Enterprise Marketing, Microsoft, adds.
This new acquisition helps Microsoft continue its investments in the cloud, as Redmond’s looking into ways to boost this business as part of its focus on a mobile-first, cloud-first strategy. Satya Nadella, the new CEO of the company since early 2014, is the former boss of the cloud division, so it’s not surprising that Microsoft is investing millions of dollars in this side of the industry.