Microsoft to buy cybersecurity firm RiskIQ for $500 million amid global cyberattacks

Microsoft has decided regarding the acquisition of RiskIQ, a security software maker, as the tech giants attempts to grow its items and better ensure safety and privacy of clients in the midst of a rising tide of worldwide cyberattacks, as per individuals acquainted with the matter.

The arrangement will be reported in following few days, said individuals, who asked not to be identified talking about an obtaining that isn’t yet open. Microsoft will pay more than $500 million in cash for the organization, one individuals said.

San Francisco-based RiskIQ makes cloud programming for identifying security dangers, assisting customers with getting where and how they can be assaulted on complex webs of corporate organizations and gadgets. Its clients incorporate Facebook, BMW AG, American Express Co. and, the US Postal Service, as indicated by the organization’s site.

Known for its yearly report on security called the “Evil Internet Minute,” RiskIQ has raised $83 million from firms like Summit Partners and Battery Ventures, as per Crunchbase. It was established in 2009.

Microsoft and the remaining of the US technology industry, in addition with other organizations and government offices, have likewise gone through the previous eight months dealing with a progression of damaging and widepread cyberattacks.

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