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Adallom, which develops cloud security platforms, is expected to
become the center for Microsoft's cyber security business in
Israel, the newspaper said.
Adallom could not be reached for comment and officials at
Microsoft in Israel declined to comment.
The U.S. technology company has made several recent acquisitions
in Israel, including security software developer Aorato for a
reported $200 million. It also bought text analysis firm Equivio
and the technology of digital pen maker N-trig.
Adallom has raised about $50 million from venture capital funds
Sequoia Capitol and European Index Ventures as well as EMC Corp
and Hewlett-Packard, among others, Calcalist said.
Adallom was founded in 2012 has 80 employees at its offices in
Israel and the United States.
It offers users information security technology on remote
servers. It can secure information stored on Salesforce's,
Microsoft's or Google's cloud services and protect it from cyber
attacks.
(Reporting by Tova Cohen, editing by Louise Heavens)
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