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Microsoft to acquire Cloud security provider Adallom

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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