JERUSALEM (JTA) — Microsoft Corp. will purchase an Israeli cybersecurity company for a reported $320 million.
The planned acquisition of Adallom was first reported on Tuesday by the Israeli business publication Calcalist. Microsoft has signed a letter of intent for the purchase.
Founded in 2012, Adallom has 80 employees in Israel, in Tel Aviv, and the United States, in Palo Alto, California. It secures information stored on cloud services, protecting it from cyber attacks.
It will be Microsoft’s fourth acquisition of an Israeli company.