- July 16, 2021
- Posted by: Stratford Team
- Category: Business
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Microsoft Corporation (MSFT) has acquired cybersecurity firm RiskIQ for an undisclosed sum to bolster its security credentials. The Redmond, Washington-based company did not disclose the acquisition’s terms, but Bloomberg pegs the deal’s price at $500 million in cash.
Key Takeaways
- Microsoft has acquired security software firm RiskIQ for an undisclosed sum.
- The acquisition is intended to bolster Microsoft’s security business, which boasted revenues of $10 billion in January.
- Microsoft’s purchase will enhance its security offerings to customers and protect its cloud applications from hacks.
“With the acquisition of RiskIQ, we will continue our mission to help customers defend their growing digital real estate against increasing cyber threats,” stated Eric Doerr, senior vice president of cloud security at Microsoft, in a blog on the company’s website.
Founded in 2009, RiskIQ has raised $83 million from investors. It specializes in cloud…
