Microsoft Corp. will purchase an Israeli cybersecurity company for a reported $320 million.
The planned acquisition of Adallom was first reported on July 21 by the Israeli business publication Calcalist.
Founded in 2012, Adallom has 80 employees, in Tel Aviv and Palo Alto. It secures information stored on cloud services, protecting it from cyberattacks.
It will be Microsoft’s fourth acquisition of an Israeli company.
Meanwhile, Facebook is acquiring an Israeli startup company that has developed technology for operating a computer through hand and finger gestures.
Pebbles Interfaces, based in Kfar Saba, is Facebook’s fourth acquisition in Israel, the Israeli business daily Globes reported on July 19. Facebook reportedly has agreed to pay $60 million for the company.
Pebbles Interfaces made the announcement on its website, saying it was joining Oculus, which Facebook acquired for $2 billion. The acquisition is being made through Oculus, according to Globes. — jta