Microsoft coughs up $250 million for Israel-based cloud security specialist Adallom, a purchase the company describes as "the latest example of Microsoft’s commitment to delivering innovative identity and security capabilities."
Rumours of the acquisition initially started back in July 2015, following a report by Israeli business news organisation Globes.
Founded in 2012, Adallom provides identity-based, security-as-a-service protection for enterprise application data and content stored on both on-premises and public clouds. It handles popular cloud applications, including Salesforce, Box, Dropbox, ServiceNow, Ariba and (obviously) Office 365.
In 2014 the company helped defeat a Zeus malware variant affecting Salesforce users, and 2013 saw the company discover an Office 365 token vulnerability.
Adallom is not the first Israel-based cloud security specialist owned by Microsoft-- in 2013 the company bought Aorato, a hybrid cloud security specialist to bolster Active Director security.