Despite a lack of confirmation by concerned parties, Microsoft is reportedly on the verge of acquiring leading Israeli cybersecurity firm Adallom in a deal worth $320m.
According to reports by Israeli business news outlet Calcalist, Adallom will now become Microsoft’s cybersecurity center for business in the country, joining other local firms such as Aorato and Equivio as part of the IT giant’s portfolio.
Founded in 2012 by alumni of the Israeli Intelligence Corps, Adallom acts as a cloud access security broker, delivering actionable insights on company data, revealing who is sharing it and how it is being accessed. Its technology sees use in governing cloud usage, addressing compliance mandates, and also detecting behavioral risk and anomalies.
The company’s customers include HP, SAP, LinkedIn, Netflix, Orange and Pixar. To date it has attracted Adallom has raised about $50m from venture capital funds Sequoia Capitol and European Index Ventures as well as EMC Corp and Hewlett-Packard, among others.