Microsoft Plans to Buy Security Firm Adallom
Microsoft is set to be paying 320 million dollars in cash for Adallom, a startup with software for monitoring the use of cloud-based services. A source has claimed all 90 employees, including the 30 in the US, will function an independent unit of Microsoft and will manage material related to cybersecurity for Microsoft.
While Microsoft has refused to comment on the supposed deal, the Wall Street Journal claims, “According to the people familiar with the matter, Adallom, which employs 90 people world-wide, will continue to operate from Israel, building up Microsoft’s cybersecurity-focused operations in the country.” The first to report the deal were Israeli media outlets Calcalist and Globes, with reports later coming from the Wall Street Journal.
Microsoft has continued making the cloud a priority throughout the whole company, and building an intelligent cloud platform is one of three areas of investment for the company. Cloud security is vital to the company as they switch to more internet based occupations, hence the move to purchase Adallom. Usage and revenue from application Office 365 has increased during the first quarter of 2015, and Microsoft want to protect this trend.
This is just one of Microsoft’s myriad of partnerships and acquisitions this year. Microsoft has previously attained a provider of machine learning technologies for e-discovery and information governance. The company’s software uses advanced text analytics to perform multidimensional analyses of data collections, intelligently sorting documents into themes, grouping near-duplicates, and isolating unique data. In addition, Microsoft has purchased N-trig and Aorato.