Microsoft has acquired Israeli security company Adallom for $320 million
Microsoft Inc. has reported that the company is decided to acquire the Israeli security company Adallom for a price of $320 million. If this deal is completed successfully, then this will be Microsoft’s largest ever acquisition in Israel. However Microsoft hasn’t commented anything about the deal officially.
Adallom is mainly focused on the securing the enterprise data in SaaS applications including Office 365, Box, Google Apps, Dropbox and others. Adallom is founded in 2012 by Adam Rappaport, Ami Luttwak and Roy Reznik who are all graduates of elite IDF technology units. Until now the company has raised $49.5 million from the investors including Rembrandt Fund, Sequoia Capital and Index Ventures. In this April, Adallom has raised $30 million that includes the investment from HP and this is HP’s first investment in Israeli start-up.
Adallom is head-quartered in Palo-Alto, California and its development centre is based in Tel Aviv’s Ramat Hahayal. Adallom is working to get the solution for the security issues that bothers many organizations.
This acquisition of Adallom by Microsoft brings it complete circle, as this Israel company back in December 2013 has got enormous attention, when it first exposed the break into the Microsoft Office 365 security server. Over past year Microsoft has acquired various Israeli companies like Aorato for $200 million which also deals with cyber security, Equivio for $200 million dollars and N-Trig for several tens of millions of dollars. 3DV systems is the Microsoft’s previous acquisition in Israel in 2009 for $35 million.