Tech giant, Microsoft today announced that it’s acquiring CyberX, a security startup that specializes on detecting, stopping and predicting security breaches on Internet of Things networks and the networks of large industrial organizations.
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Although the terms and conditions of the business deal were not disclosed to us, but reliable sources hinted that the deal plays around the neighborhood of $165 million.
The move by Microsoft to a large extent illustrates how world leading technology companies are using the economic slowdown to focus on their longer-term goals and shore up assets to support those goals.
An insider at Microsoft has been mailed for details of the transaction, but we have not received response as yet.