Canadian Security Magazine

Microsoft to acquire Cloud security provider Adallom

By Canadian Security   

News Data Security cloud microsoft

Fortune is reporting that Microsoft is going ahead with the acquisition of Adallom, an Israel-based Cloud security provider.

According to the story: “Terms were not disclosed but a source close to the companies said that the purchase, initially reported to be $320 million cash, is actually $250 million now, but could grow to $320 million if prescribed targets are hit. Microsoft, the source said, wants to be assured that Adallom can be at $10-million-a-year business.”

Read the full story on Fortune‘s website here.

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