Microsoft set to acquire Israeli cybersecurity company CyberX for $165m

guest · May 6, 2020

Microsoft set to buy Israeli co CyberX for $165m
CyberX provides industrial IoT cybersecurity for machine to machine communications
May 5, 2020
https://en.globes.co.il/en/article-microsoft-set-to-buy-israeli-co-cyberx-for-165m-1001327570

Microsoft Corp. (Nasdaq: MSFT) is set to acquire Israeli cybersecurity company CyberX. The deal is in the latter stages of being finalized and according to sources close to the talks Microsoft will pay $165 million for the acquisition.

CyberX, which was founded in 2013 by CEO Omer Schneider and CTO Nir Giller, both veterans of the Israeli Elite Cyber Security Unit, is headquartered in Boston and has its development center in Herzliya.
The company is engaged in Internet of Things (IoT) cybersecurity for command and control systems for industry.
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guest · Jun 22, 2020

Microsoft confirms acquisition of CyberX to boost security in its IoT business
June 22, 2020
https://techcrunch.com/2020/06/22/m...cyberx-to-boost-security-in-its-iot-business/

Today Microsoft announced that it would be acquiring CyberX, a security startup that focuses specifically on detecting, stopping, and predicting security breaches on internet of things networks and the networks of large industrial organizations. Terms of the deal are not being disclosed — we’re asking still — but sources say that it’s in the region of $165 million.

“CyberX will complement the existing Azure IoT security capabilities, and extends to existing devices including those used in industrial IoT, Operational Technology and infrastructure scenarios” said Michal Braverman-Blumenstyk, CVP, CTO, Cloud + AI Security, and Sam George, CVP, Cloud + AI Azure IoT in a blog post.
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Microsoft’s interest in the company touches on two key areas that the company has been working on building up over the last several years: IT services for large enterprises, and cybersecurity — specifically cybersecurity leveraging AI to identify and tackle next-generation challenges.
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Microsoft: Microsoft acquires CyberX to accelerate and secure customers’ IoT deployments

Microsoft already provides multi-layer IoT security and IoT security monitoring in Azure, which is being used by thousands of customers in production and has made securely configuring IoT devices possible. And while securely configuring IoT devices is possible, our mission is to simplify IoT and make securing IoT devices easy.
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Microsoft set to acquire Israeli cybersecurity company CyberX for $165m

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