Microsoft Buys Cybersecurity Firm
Microsoft has agreed to acquire cyber security firm Hexadite for $100 million.
Hexadite, headquartered in Boston with its research and development center in Israel, provides technology to automate responses to cyber-attacks that it says increases productivity and reduces costs for businesses.
Investors in Hexadite include Hewlett Packard Ventures, and venture capital firms TenEleven and YL Ventures.
Hexadite makes software that automates threat detection and response. It helps determine whether a threat inside your perimeter is real or a false alarm and it automates remediation of actual issues. When 37 percent of large enterprises are reporting getting upwards of 10,000 threats a month, they need a tool that can help them sort through the information in an automated fashion and separate out the noise from actual issues, Hexadite CEO Eran Barak told TechCrunch.
In a time when large-scale breaches in the public and private sectors have become common place, companies and governments are desperately searching for automated solutions that can help sniff out real problems as they happen before they do any real damage.
Microsoft said in January it plans to continue to invest more than $1 billion annually on cyber security research and development in the coming years. Israel has already benefited from that investment.
Reuters: TechCrunch:
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