This year we have seen a stream of transactions where US corporates purchase Israeli based cybersecurity companies. This latest one will bolster security of information stored in Microsoft's Azure.
Recent rumors about Microsoft picking up a third Israeli security company were correct. On November 9, Microsoft announced it had purchased Secure Islands Technologies. While company officials declined to comment on how much Microsoft paid for the data-security firm, sources familiar with the matter said the purchase price was around $77.5 million. (Original reports claimed Microsoft was paying between $100 million and $150 million for Secure Islands.) Microsoft plans to integrate Secure Islands' technology into Azure Rights Management Service to help companies meet compliance and protection requirements of their cloud, on-premises and mobile data, Microsoft execs said.