'Microsoft set to buy Israeli cyber security company for $150 million'

Reported acquisition of Secure Islands to be Microsoft's fifth from Israel this past year.

October 22, 2015 11:47
1 minute read.

Microsoft [File]. (photo credit: REUTERS)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Microsoft is set to buy Israeli cyber security company Secure Islands for $100-150 million, sources inform "Globes."

The acquisition will be Microsoft's fifth Israeli acquisition this past year and its third acquisition of an Israeli cyber security company over that period. Only three months ago, Microsoft bought Israeli company Adallom for $320 million.

Be the first to know - Join our Facebook page.

Secure Islands was founded in 2006 by brothers Aki and Yuval Eldar. The company has developed technology that allows tracking an organization's documents throughout the web.

According to IVC's databank Secure Islands started out in the Chief Scientist funded Xenia Venture Capital Ltd. Van Leer incubator in Jerusalem, and has raised $20 million to date. Its last financing round was in September 2014 when the company raised $12 million from Credit Suisse NEXT Investors LLC.

Secure Islands protects unstructured data throughout its lifecycle - from content creation through collaboration to storage. Unlike traditional solutions that deal mainly with the enterprise’s perimeter, and focus only on its entry and exit points, Secure Island’s flagship product, IQProtector, offers a new paradigm. Preforming data immunization on each and every file, it provides full protection for sensitive data whether it is at rest, in motion or in use - on the organization’s premises, on mobile devices or in the cloud. With Secure Islands’ technology, CISOs and IT professionals make sure that organizational security policies are enforced, while making the data fully accessible to authorized users, regardless of where it resides.

Secure Islands declined to comment on the report.

In the last year alone, Microsoft has snapped up four Israeli companies, like cyber security company Aorato and text analysis company Equivio - each for close to $200 million, and Adallom as well as digital pen developer N-trig.

Related Content

Workers strike outside of the Teva building in Jerusalem, December 2017
December 18, 2017
Workers make explosive threats as massive Teva layoff strikes continue