Microsoft Announced It’s Acquiring CyberX ‘A Security Startup’

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.

Microsoft Announced It's Acquiring CyberX A Security Startup - Ravzgadget
Microsoft / Photo credit: Screen Shot

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.

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