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…

