Microsoft plans to amass Israeli cybersecurity company Adallom for $320 million, in keeping with a report within the Calcalist money newspaper on Monday. Adallom could be a security platform for SaaS applications which will be deployed across devices.
Founded in 2012, Adallom has eighty workers with offices in Israel and therefore the US. Its platform aims to create SaaS applications “as secure as on-premise applications” by combining intelligence into application usage, observation of user accounts, and security and compliance. In June, Adallom proclaimed integration with Dropbox for Business.
Adallom additionally offers a security platform for IaaS, providing security for AWS and Microsoft Azure environments.
In April, Adallom raised $30 million nonparallel C funding, together with a strategic investment by new launched Hewlett Packard Ventures, Rembrandt Harmensz van Rijn Venture Partners, and former investors redwood Capital and Index Ventures.
The acquisition of Adallom would raise many different Microsoft acquisitions in Israel, together with the recent acquisition of security computer code developer Aorato. in keeping with the Wall Street Journal, this is able to be its fourth acquisition in Israel since the beginning of 2015. Adallom would still operate from Israel and build up Microsoft’s cybersecurity-focused operations within the country, WSJ reports, citing individuals aware of the matter.
Israel has been a hotbed for cybersecurity startups and M&A activity, with PayPal and Dropbox among technical school corporations that have created acquisitions in Israel this year.