Another Cloud Purchase Could Bolster Microsoft Corporation

Grazed from Fool. Author: Leo Sun.

Microsoft reportedly has agreed to acquire Israeli cloud security company Adallom, which was founded three years ago, for about $320 million. Adallom develops a technology that protects an application or data as it sits on a remote server. Remote access is handled by Adallom’s command and control mechanism, which logs and reports any suspicious activity.

This layer compartmentalizes and protects cloud-based data for enterprise customers. The start-up has raised $49.5 million to date, including a $30 million investment from Hewlett-Packard. The acquisition of Adallom would complement Microsoft’s other recent purchases in the cloud, enterprise, and security markets. Last November, it acquired another Israeli firm, Aorato, which specializes in enterprise security and machine learning. It also acquired analytics firms Equivio, Revolution Analytics, and Datazen Software to beef up its big data capabilities…

Why does the cloud matter to Microsoft?

Back in April, Microsoft CEO Satya Nadella claimed his company could generate $20 billion in annual cloud revenues by the end of fiscal 2018. That was a bold claim, considering Microsoft would need to more than triple its annual cloud revenue within three years to meet that goal…

Read more from the source @ http://www.fool.com/investing/general/2015/07/23/another-cloud-purchase-could-bolster-microsoft-cor.aspx