Microsoft has reportedly snagged yet another Israeli cloud security company as it looks to strengthen its foothold in the area.
After acquiring Aorato, another Israeli cyber security start-up, for an alleged $200 million in November 2014, Microsoft now has its eyes peeled on Adallom.
According to a report from the Calcalist, Microsoft has already acquired Adallom for a whopping $320 million. The publication also divulged that the start-up has raised $50 million through venture capital firms European Index Ventures and Sequoia Capitol along with EMC Corp and HP.
"Software giant Microsoft buys Israeli Adalom 320 million, Calcalist has learned. The company has raised $50 million in funds Sequoia Capital and Index European Zohar Zisapel US storage company EMC and from HP (translated)," reports the publication.
Adallom was founded in 2012 by Ami Luttwak, Adam Rappaport and Roy Reznik. It boasts 80 employees and has its headquarters in Palo Alto, California as well as a development center in Tel Aviv, Israel.
The start-up offers security technology to guard organizations against cyberattacks. The company's focus is securing the user's data which is stored in the cloud and also enterprise solutions.
"We know hiring cybersecurity experts is hard. We act as an extension of your team. Adallom Labs, our team of experts in cybersecurity, machine learning and forensics proactively investigates threats and alerts. We partner with security research groups, and investigate SaaS application vulnerabilities and attacks," notes Adallom's overview.
Adallom is not the first Israel-based start-up acquired by Microsoft and it seems to have a soft spot for companies in the region. The Redmond-based company also purchased Equivio, a text analysis service, in January this year. In February, Microsoft followed it up with the acquisition of N-trig - a digital pen maker - for $200 million.
With Adallom in its kitty, this is Microsoft's third purchase of an Israel-based company in a short span.
It is expected that Adallom will be pivotal to Microsoft's cyber security activities in Israel. Interestingly, Adallom's web page is yet to acknowledge the acquisition. Microsoft is also keeping mum on the deal.
Photo: Robert Scolbe | Flickr
