Microsoft reportedly acquires cloud security firm Adallom for $320 million
Microsoft has reportedly acquired cloud data security firm named Adallom for $320 million.
The news comes from both Calcalist and Globes, two Israeli business publications. According to the reports, Microsoft is also going to open a cybersecurity operation in Israel.
Adallom concentrates on securing data stored in the cloud, and seems to focus on enterprise solutions ahead of consumer-facing products. From its website:
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’s website doesn’t mention it has been acquired, and we’ve reached out to both Microsoft and Adallom for comment. We’ll update this article should we hear from either company.