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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Microsoft set to buy Israeli co Secure Islands for $150m

Microsoft set to buy Israeli co Secure Islands for $150m

Oct. 22, 2015

Microsoft is set to buy Israeli cyber security company Secure Islandsfor $100-150 million, sources inform "Globes." The acquisition will be Microsoft's fifth Israeli acquisition this past year and its third acquisition of an Israeli cyber security company over that period. Only three months ago, Microsoft bought Israeli company Adallom for $320 million.

Secure Islands was founded in 2006 by brothers Aki and Yuval Eldar. The company has developed technology that allows tracking an organization's documents throughout the web.

According to IVC's databank Secure Islands started out in the Chief Scientist funded Xenia Venture Capital, Van Leer incubator in Jerusalem, and has raised $20 million to date. Its last financing round was in September 2014 when the company raised $12 million from Credit Suisse NEXT Investors LLC.

For the full Globes news item click here.

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