Cloud security company
Adallom is in Microsoft's crosshairs as a possible target for a takeover, a Wall Street Journal article has suggested. The Israeli company, which has headquarters in Tel Aviv, was established in 2012 and employs 90 people globally. Should the deal go ahead, Adallom will remain based in Israel.
Adallom's services enhance cloud application security. The applications its is designed for include Office 365, Google Apps, and Salesforce and ServiceNow apps. It services monitor a company's cloud usage at the employee level and establishes patterns that isolate anomalies and highlight possible data breaches. The deal is likely to generate $320 million according to the WSJ report.
Microsoft has signed a letter of intent to buy Adallom and if it does so it will be the corporation's fourth Israeli acquisition so far in 2015. Microsoft has yet to confirm the news, which was initially reported in Israel's Calcalist financial newspaper. The purchase would come on the heels of Microsoft's purchase of Aorato Ltd. in January this year. Aorato's software also monitors enterprise IT system access.
Do you know of any other acquisitions worthy of note? Let us know the details. Add your comments below.
