Cybersecurity: Microsoft spends $ 100 million to get hold of the Israeli Hexadite

by bold-lichterman

Microsoft is continuing its cybersecurity efforts. The American giant has thus concluded the takeover of the Israeli start-up Hexadite to strengthen its defense arsenal against online threats. The transaction is worth $ 100 million. “Hexadite’s technology and talent will expand our existing capabilities and allow new tools and services to be added to Microsoft’s robust enterprise security offerings.Microsoft, Terry Myerson, Executive Vice President, Windows and Devices Group said in a statement.

Founded in 2014 by Idan Levin, Barak Klinghofer and Eran Barak, Hexadite has developed technology that connects to existing cybersecurity systems to automatically analyze online threats via artificial intelligence. To be more efficient, the solution accepts alerts from several sources, such as emails or APIs. In this way, the goal of the Israeli startup is to help businesses manage and prioritize several potential threats. The Israeli company counts Nuance, Telit and IDT among its clients.

Back in January, Microsoft announced its intention to continue investing more than $ 1 billion annually in cybersecurity research and development for years to come. “As more and more people use the cloud, spending in this industry must increase», Declared Bharat Shah, vice president of security at Microsoft, on the sidelines of the BlueHat cybersecurity conference in Tel Aviv. However, this envelope does not include any acquisitions that Microsoft could make in the sector, said the representative of the firm headed by Satya nadella (opposite). While the number of cyberattack attempts was 20,000 per week two or three years ago, that number now ranges between 600,000 and 700,000, according to Microsoft data.

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