Microsoft Acquires CyberX To Beef Cybersecurity

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Microsoft has announced on Monday, that it’s acquiring CyberX, a cybersecurity start-up focused on internet-connected industrial equipment.

Just last year, the company acquired Express Logic, a company that makes an operating system for connected devices; as part of its interest in managing systems in the so-called internet of things (IoT).

The acquisition of CyberX, means that Microsoft will now gain additional technology for monitoring corporate hardware like alarms, cameras, phones and industrial control systems for security vulnerabilities.

In Microsoft’s blog post on Monday, the corporate vice presidents Michal Braverman-Blumenstyk and Sam George said that “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.

“With CyberX, customers can discover their existing IoT assets, and both manage and improve the security posture of those devices. With CyberX, customers can see a digital map of thousands of devices across a factory floor or within a building and gather information about their asset profile and vulnerabilities.”

The company expects to integrate its new acquisition, CyberX with existing technology, and the cloud-based Azure Sentinel service introduced last year for battling security threats.

A report from CNBC says that the terms of this new deal have not been disclosed, although an Israeli news outlet suggests that Microsoft was in talks to pay $165 million for the startup.

CyberX was founded in 2013 in Waltham, Massachusetts, and its LinkedIn data states that the company currently has over 150 employees.

The start-up has raised $47 million in the past, with investors like Qualcomm Ventures and Norwest Venture Partners.

— Nairametrics

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