Technology
Microsoft Confirms Purchase of Cloud Security Firm Adallom
(TechCrunch) – Microsoft announced this morning that it purchased cloud security firm Adallom. According to sources familiar with the matter, the deal cost the Redmond-based software giant $250 million. That dollar amount is below previously reported figures pegging the value of the purchase north of $300 million.
The deal was originally reported in July of this year. Given the time it took for Microsoft to announce the deal, the media appears to have picked up the scent when things remained inchoate. CNBC reported yesterday that the deal was “poised” to wrap.
Microsoft has made a number of successful purchases following its internationally known deal to pick up the majority of Nokia’s hardware assets, the best two examples being the company’s decisions to bring Sunrise and Acompli into its fold for notable sums. The Nokia deal’s internal combustion that spread short-term conflagration across Microsoft’s GAAP earnings is perhaps more a warning to not buy too large, instead of not buying at all.
