July 20, 2015
Microsoft Corp plans to acquire Israeli cyber security company Adallom for $320 million, the Calcalist financial newspaper reported on Monday.
Adallom, which develops cloud security platforms, is expected to become the center for Microsoft’s cyber security business in Israel, the newspaper said.
Adallom could not be reached for comment and officials at Microsoft in Israel declined to comment.
The U.S. technology company has made several recent acquisitions in Israel, including security software developer Aorato for a reported $200 million. It also bought text analysis firm Equivio and the technology of digital pen maker N-trig.