Microsoft has been on something of a spending spree in recent months, buying up several popular apps, including Sunrise and Acompli, for big bucks. It seems the company has made another addition to its list of acquisitions, although this time around, it hasn"t bought another app.
According to the Calcalist financial journal, Microsoft has acquired Israeli cyber-security company Adallom in a deal worth $320 million. As part of the deal, Microsoft is expected to use its acquisition to set up a cyber-security business center - building on Adallom"s cloud security expertise - in Israel.
Neither company has yet confirmed the report, but it would follow several other recent Microsoft acquisitions in the region. In June, Microsoft purchased the stylus technology used in its latest Surface tablets from Israeli firm N-trig.