A PYMNTS Company

Microsoft Confirms Acquisition Of CyberX

 |  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.

“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.