Microsoft is planning to acquire Israeli cloud cybersecurity start-up Adallom in "one of
the largest" of the group's recent acquisitions, a source close to the
situation has told CNBC. The deal is likely to close and be announced this
week with the price tag set to be "quite a few hundred million dollars",
the person said, choosing to remain anonymous because the information
isn't public. The source did not reveal the exact price but said it
would be bigger than any recent deals.
Cloud providers invest in securing their applications, but under the
shared responsibility model, enterprise customers are responsible for
access to and usage of that data. The good news? SaaS applications can
be as secure as on-premise applications. The company provides visibility, governance and protection for the top SaaS
applications used by businesses worldwide. We’ve done the legwork to
understand every unique transaction and data sharing capability within
these applications so you don’t have to. Adallom is poised to be the latest company to be snapped up by Microsoft has been very acquisitive over the past year as the company pushes its fast-growing businesses such as the cloud unit.
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