ISRAEL21c: Hot July sales in the Israeli startup arena as Microsoft, Facebook, and ironSource pay top dollar for blue-and-white technology.
Microsoft’s acquisition of Israeli cloud security company Adallom for a reported $320 million was the biggest of the July deals so far. Reports say that if the deal is completed at that price, it will be the American multinational technology company’s largest-ever acquisition in Israel.
The Adallom cyber security company was founded in 2012 by CEO Adam Rappaport, Ami Luttwak, and Roy Reznik — all graduates of elite IDF technology units. The company is headquartered in Palo Alto, California and has a development center in Tel Aviv.
Adallom made headlines in December 2013 when it exposed a break-in to the security server of Microsoft Office365.
According to a Globes report, Microsoft will use this latest acquisition to carry out its goal of opening a cyber security center in Israel.
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