According to sources, Microsoft is said to buy RiskIQ, a security software company, as the tech giant attempts to extend its products and better safeguard consumers against a rising flood of worldwide assaults. According to one of the sources, who wished to remain anonymous, Microsoft will pay more than $500 million in cash for the firm.
Headquartered in San Francisco RiskIQ develops cloud software for identifying security risks, assisting businesses in determining where and how they might be attacked across complicated networks and devices. According to the company’s website, customers include Facebook Inc., BMW AG, American Express Co., and the United States Postal Service.
To secure individual devices and identify network threats, Microsoft has been adding security capabilities to products like Windows and Azure cloud services. Microsoft has also hired people to look for flaws in its own products, assist clients in recovering from cyberattacks, and maintain a lab dubbed the Microsoft Threat Intelligence Center that keeps tabs on nation-state hackers.
In order to improve its security capabilities, the software company has purchased many firms. Microsoft paid an unknown sum for ReFirm Labs, a manufacturer of technologies to protect Internet of Things devices, last month. Microsoft has 3,500 workers focusing on security and a purpose to help safeguard consumers, according to a blog post announcing the purchase.