Microsoft is reportedly set to acquire cybersecurity vendor RiskIQ as the software giant continues to shore up its enterprise security offerings.
RiskIQ’s software as a service (SaaS) product offers businesses protection against online security threats such as phishing, and malware. The company counts the likes of Facebook, BMW, American Express, the US Postal Service, and more among its clients.
Bloomberg says it learned about the yet-unannounced acquisition from anonymous sources, with Microsoft set to shell out over $500 million.
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Sign of the times
Online security has taken center stage off late thanks to a recent spate of high-profile ransomware attacks orchestrated by exploiting poor endpoint security.
Bloomberg reports that the RiskIQ acquisition adds to Microsoft’s growing portfolio of security products. Last month it acquired ReFirm Labs, which helps secure Internet of Things (IoT) devices.
Notably, while announcing the ReFirm acquisition, Microsoft shared that it has over 3500 people working on security issues, processing over eight trillion security signals every day, as the company continues on its journey to help protect customers “from the chip to the cloud.”
The RiskIQ acquisition could be announced over the next few days, according to the anonymous sources, though both companies remained tight-lipped about the deal when approached by Bloomberg.
Via Bloomberg
