To give customers additional ways to protect their data on cloud, Microsoft has acquired Israeli cloud security startup, Adallom for an undisclosed deal amount. As a part of the deal, Adallom’s three Co-Founders will join Microsoft. Microsoft has not disclosed how much amount it paid for Adallom, but there were rumors that the deal had already taken place at a cost of $320 million in June-July, 2015.
Adallom will continue to work with its existing customers while integrating its technology into Microsoft’s cloud security suite. As a cloud-delivered SaaS solution, it will complement existing offerings that Microsoft makes available today as part of Office 365 and the Enterprise Mobility Suite (EMS), including Microsoft recently launched Advanced Threat Analytics.
Adallom, cofounded in 2012 by Assaf Rappaport, Ami Luttwak and Roy Reznik, offers tools that give businesses more insight into how workers are using cloud services like Salesforce, Box, Dropbox, ServiceNow, Ariba, and Office 365. Also, it limits access to certain applications, identifies risky employee behavior, investigate SaaS aplication vulnerabilities and attacks, and sends alerts when it detects usage anomalies that indicate data breaches. The company has 80 employees in its team.
“When we launched Adallom, we had a vision to make it easy to keep your data safe in the cloud, Adallom wrote on its website.” “We have delivered on that vision with visibility, governance and protection for the most popular cloud applications used by businesses worldwide and now, by joining Microsoft, we will have the opportunity to help many more customers take advantage of cloud applications without compromising security. We will continue to sell the Adallom solution and support our customers while we complete the integration into Microsoft.”
Apart from this, Microsoft bought Seattle-based VoloMetrix last week to boost its “people analytics” offerings and New Jersey’s FieldOne Systems in August for its Microsoft Dynamics customer relationship management business.Category Business