A PYMNTS Company

Microsoft Confirms Acquisition Of CyberX

By  |  June 22, 2020

Microsoft announced that it would be acquiring CyberX, a security startup that focuses specifically on detecting, stopping, and predicting security breaches on the internet of things networks and the networks of large industrial organizations. Terms of the deal are not being disclosed, but sources say that it’s in the region of US$165 million.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “CyberX will complement the existing Azure IoT security capabilities, and extends to existing devices including those used in industrial IoT, Operational Technology and infrastructure scenarios” wrote Michal Braverman-Blumenstyk, CVP, CTO, Cloud + AI Security, and Sam George, CVP, Cloud + AI Azure IoT in a blog post. “With CyberX, customers can discover their existing IoT assets, and both manage and improve the security posture of those devices.”

    The deal caps off months of speculation that Microsoft would acquire the company. The reports started back in February, then went quiet, and then started to reappear again in May.

    Full Content: Microsoft

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.