TEL AVIV (Reuters) – Microsoft Corp plans to acquire Israeli cyber security company Adallom for $320 million, the Calcalist financial newspaper reported on Monday.
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Adallom is an Israel-based cyber-security firm, which provides secured cloud infrastructure for enterprises to deploy critical applications o the cloud. And, you don’t have to be a data scientist to understand risks and threats.
Adallom’s service monitors the use of the cloud application by individual employees, identifying patterns and then singling out anomalies as possible breaches.
For those users needing more, the platform supports deployment of hybrid modes, with one example given being API mode for normal usage and proxy mode for unmanaged device access.
Analysts have suggested that Adallom – founded in 2012 by entrepreneurs Assaf Rappaport, Ami Luttwak and Roy Reznik – will serve as Microsoft’s cyber center in Israel.
It offers users information security technology on remote servers. Each insight is said to be actionable, so the enterprise is able the apply the applicable policies.
Should it go ahead the purchase will follow similar investments by Microsoft in Israel’s burgeoning cybersecurity business, which exports $6bn worth of products and services, a greater amount than the country’s exports of military hardware.
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Adallom has raised about $50 million from venture capital funds Sequoia Capitol and European Index Ventures as well as EMC Corp and Hewlett-Packard, among others, Calcalist said.
