Hewlett-Packard is set to exit cybersecurity company Adallom, which had raised almost $50m in total, in a $320m acquisition by Microsoft.
Adallom, a US-based provider of software to secure cloud-based applications, is set to be acquired by software producer Microsoft for approximately $320m, providing an exit to computing firm Hewlett-Packard (HP), Globes reported yesterday.
Founded in Israel in 2012, Adallom develops software and offers an on-site service that protects applications running in the cloud.
Microsoft is already among the company’s clients and benefitted from Adallom’s technology when, in 2013, it detected a security breach in Microsoft’s productivity suite, Office365.
Adallom is…
