Microsoft acquires cybersecurity software maker RiskIQ [Updated]

Updated July 12, 2021 at 12:00 p.m. ET: Microsoft has officially announced the acquisition of RiskIQ. The original story follows.

RiskIQ, the San Francisco-based cybersecurity software maker, will soon be acquired by Microsoft, according to a new report from Bloomberg. The deal could be announced in the next few days and, according to one of those interviewed, will cost more than $ 500 million.

RiskIQ’s software as a service (SaaS) model is at the heart of its operations and the products it offers. It offers products that can monitor and analyze cloud space to keep them secure, as well as other software that actively fights malware and phishing attempts.

Spokesmen for both companies declined to comment on Bloomberg’s comment on the announced deal.

It is not the first security company Microsoft acquired in recent memory. Not too long ago, in early June 2021, Microsoft bought ReFirm Labs to bolster its IoT security offerings.

This deal was discovered via an official announcement from the companies, so more information on acquisition intentions was immediately available. Since the acquisition of RiskIQ is not yet official, the details of what Microsoft hopes to get from the software maker are unclear, although a cloud services security firm acquired by the gigantic company responsible Azure points to a potential overlap in which the two could find common ground.

Cloud operations have been central to recent Microsoft transactions, whether successful such as the company’s strategic partnership with AT&T, or unsuccessful efforts such as the recently terminated JEDI contract.

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