Microsoft is reportedly planning to buy information security firm RiskQ, according to insiders. As a result, the software behemoth plans to extend its portfolio of cyber-security products and services.
According to Bloomberg, the deal will be revealed within the next few days, citing anonymous sources. Microsoft will pay a total of more than $500 million.
based in San Francisco RiskQ creates security threat detection software for corporate networks that is cloud-based. Summit Partners and Battery Ventures had previously invested $ 83 million in the company, which was launched in 2009.
Microsoft has recently been quite aggressive in purchasing startups that deal with information security. For example, the company recently acquired ReFirm Labs, a company that develops security technologies for IoT devices. Microsoft revealed in a blog post that 3,500 workers are involved in security.
The acquisition of RiskQ is anticipated to enable Microsoft to broaden its information security expertise and improve the security of its software solutions.