Microsoft, the Tech giant from America has made it official that it is planning to acquire Cloud based Cyber Threat Detection offering business RiskIQ for an undisclosed amount.
By gaining RiskIQ, Microsoft hopes to strengthen its position in cloud security business making companies gain better visibility and exposure to the internet.
According to a report published in Bloomberg, the Satya Nadella led company is likely to invest $500 million appx to gain the entire business of RiskIQ and it will be a whole in cash deal.
Trade analysts say that the deal will act as a booster dose to Microsoft as it is aiming to enable ‘zero trust’ security to its customers, as any user in a network can be targeted by the hackers, thus compromising the entire network.
“As companies are showing a lot of interest in moving to hybrid cloud environments with zero-trust security models, Microsoft aims to build a comprehensive view of the global threats to their businesses by acquiring RiskIQ,” Eric Doeer, Vice President, Microsoft Cloud Security.
Therefore, companies that are looking to bolster their security across multiple attack surfaces such as Microsoft Cloud, AWS, supply chain and on-premises appliances, they can use Microsoft’s newly acquired technology of RiskIQ that assists them in discovering and assessing their security posture across many platforms.