Microsoft Corporation (NASDAQ:MSFT) revealed on Thursday that it is pushing forwards with the acquisition of a cyber security firm called Hexadite for $100 million.
Rumors about Microsoft’s acquisition of the Israeli cyber security startup in May. The Hexadite acquisition deal was initially reported on May 24 by Israeli publisher, Calcalist. However, the software and tech giant did not disclose any information about the acquisition until its recent announcement, revealing its decision to acquire Hexadite in a deal that was reportedly valued at $100 million. Microsoft revealed that it will fully absorb the Israeli startup into the Windows and Devices Group.
“Our vision is to deliver a new generation of security capabilities that helps our customers protect, detect, and respond to the constantly evolving and ever-changing cyberthreat landscape,” stated Terry Myerson executive VP of the Windows and Devices Group at Microsoft.
Hexadite will be a great addition for Microsoft towards enhancing cyber security
Microsoft decided to acquire Hexadite because it has a lot to offer towards boosting cyber security. The Israeli firm was founded in 2014 and it mainly focuses on automatically analyzing threats in cybersecurity detection systems using artificial intelligence. It also assists firms in identifying and reacting quickly to cyber-attacks when they happen.
Hexadite accepts security alerts through numerous sources including APIs, email and Syslog and it also aims to help security teams to manage and prioritize multiple threats. Myerson stated that the technology brought on board by the Israeli firm as part of the acquisition will enhance Microsoft’s existing cybersecurity capabilities. It will also boost the company’s ability to bring new tools and services onto its strong enterprise security products and services.
One of the most significant aspects of the Hexadite acquisition is the fact that it will allow Microsoft to introduce AI into its Windows Defender Advanced Threat Protection (WDATP) for customers on Windows 10 Enterprise. The idea behind this move is that response to threats and remediation will be faster and even more effective. Microsoft has previously shown its commitment towards cyber security through numerous investments in the past and the new acquisition aims to further strengthen its position.
Microsoft stock closed the latest trading session on Thursday at $71.95.