Microsoft Corp. has agreed to acquire RiskIQ, a security software maker, as the tech giant tries to expand its products and better protect customers amid a rising tide of global cyberattacks , according to people familiar with the matter. Microsoft will pay more than $500 million in cash for the company, one of the people said. A spokesman for Microsoft declined to comment and RiskIQ didn't immediately respond to a request for comment. Last month, Microsoft bought ReFirm Labs, a maker of technology to secure Internet of Things devices, for an undisclosed amount. In a blog post announcing the deal, the company said it has 3,500 employees working on security at Microsoft and a mission to help protect customers “from the chip to the cloud."

Source: Mint July 12, 2021 00:33 UTC