Microsoft agrees to acquire US-Israeli cyber-security firm Hexadite

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Microsoft said on Thursday it has agreed to acquire Hexadite, a US-Israeli supplier of technology to automate responses to cyber- assaults.

Financial terms were not revealed.

In May, Israeli financial news site Calcalist said Microsoft would pay $100 million (generally Rs. 643 crores) for Hexadite, which is headquartered in Boston with its research and development centre in Israel.

Hexadite says its technology increases productivity and decreases costs for businesses.

Terry Myerson, executive VP of Windows and Devices Group at Microsoft, said Hexadite will enable the organization to add new tools and services to Microsoft’s enterprise security offerings.

Investors in Hexadite include Hewlett Packard Ventures, and venture capital firms TenEleven and YL Ventures.

Microsoft said in January it plans to keep on investing more than $1 billion (generally Rs. 6,428 crores) annually on cyber- security research and development in the coming years. Israel has already benefited from that investment.

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