Microsoft Corp. plans to acquire cybersecurity company RiskIQ as it seeks to bolster its ability to detect threats and protect its customers’ online properties.
“With the acquisition of RiskIQ, we will continue our mission to help customers defend their growing digital estate against increasing cyber threats,” the company said in a Monday blog post announcing the deal. Microsoft
added that RiskIQ’s technology helps security teams “assemble, graph, and identify connections between their digital attack surface and attacker infrastructure and activities to help provide increased protection and faster response.”
Microsoft didn’t disclose financial terms for the transaction in its blog post, though Bloomberg reported that the purchase price was above $500 million. A representative for Microsoft didn’t immediately return MarketWatch’s request for comment on the deal price.
Shares of Microsoft are off 0.3% in Monday morning trading. They’ve gained 8.3% over the past three months as the Dow Jones Industrial Average
has risen 3.4%.