Microsoft Buying Israeli Adallom for $320 Million

(JNi.media) Microsoft Corp is buying Adallom, an Israeli cyber security company, for $320 million, Calcalist reported on Monday. Adallom, developing cloud security platforms, will become Microsoft’s center for cyber security business in Israel.

As critical applications like collaboration, storage, CRM and ERP are moving to the cloud, the critical mass of corporate data will eventually find its way to the cloud, and Adallom keeps it safe. The company says its platform works with any user, on any device or location, delivering seamless security.

According to Calcalist, Adallom has raised close to $50 million from venture capital funds Sequoia Capitol and European Index Ventures, and from EMC Corp and Hewlett-Packard.

Assaf Rappaport is co-founder & CEO of Adallom; Ami Luttwak is co-founder & CTO; Roy Reznik is co-founder & Vice President of R&D. Adallom was founded in 2012, and has 80 employees in Israel and the US.

Meanwhile, ironSource, which offers technology that allows developers reach key audiences and monetize Internet services, is buying Israeli ad-tech company Supersonic, which helps content providers monetize non-paying users by serving bundled video ads, interstitials and offer-walls.

According to Ha’aretz, the deal is estimated at between $200 — $300 million.