Live Update 
From the Liveblog of
Tuesday, September 8, 2015
From the Liveblog of
Tuesday, September 8, 2015
Microsoft buys Israeli startup Adallom for $250m
Add ToI as a Preferred Source on GoogleMicrosoft buys a company supplying security solutions for cloud computing that was launched in Israel, CNBC reports.
Adallom was co-founded by Assaf Rapaport, Ami Luttwak and Roy Resnik.
In a statement on the company’s website, Rapaport writes “This acquisition represents a major investment in cloud and Software as a Service (SaaS) application security for the Microsoft team.”
According to Fortune magazine, the terms of the purchase were not disclosed, but a source close to the companies says that the purchase, initially reported to be $320 million cash, is now actually $250 million, but still could grow to $320 million if prescribed targets are hit.
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