It is emerging that Microsoft Corporation (NASDAQ:MSFT) has been training its eyes on Secure Islands, an Israeli cybersecurity startup and could acquire it any moment.
Although both Microsoft and Secure Islands are mum on the pending deal, sources say the acquisition could set Microsoft back by about $100 to $150 million.If Microsoft does acquire Secure Islands as widely expected, it will be the company’s second security acquisition in Israel this year and one in a string of multiple acquisitions it has made in the country recently.
Microsoft Corporation (NASDAQ:MSFT) understands that success in cloud depends on multiple variables, security being one of them. As such, the company appears to be interested in building a powerful security business capable of delivering comprehensive cloud protection. Towards that end, Microsoft is about to bring Secure Islands under its armpit.
Sources say that a deal between Microsoft and Secure Island could be concluded any time. Secure Islands builds data security solutions that allow organizations to add an extra layer of protection to the data they remit.
In its data protection endeavors, Secure Islands has come up with security software known as IQProtector. The software is intelligent enough to automatically step up protection of data and files being moved within an organizations network.
For example, if the tool detects that files being exchanged contain sensitive information such as Social Security numbers, it automatically encrypts such files based on preset company policies. With that, hackers cannot gain access to company files even if they happen to raid its system.
Microsoft’s love for Israeli security technology
Previously, Microsoft Corporation (NASDAQ:MSFT)’s love for Israeli security technologies saw it acquire Adallom, a cloud security startup, for $320 million back in July this year. Late last year, Microsoft acquired Israeli firewall startup, Aorato, for $200 million.Acquisition of Secure Island could cost $100 million or more.
Microsoft Corporation (NASDAQ:MSFT) has made multiple acquisitions in Israel in various categories since Satya Nadella took the CEO mantle in the company.