Microsoft, in a recent blog, announced that it had acquired a security startup named CloudKnox. No information has been provided regarding the valuation of the acquisition deal.
The tech giant plans to provide companies top-notch multi-cloud security services along with improving its operating system’s security with this acquisition.
Microsoft will now offer automated remediation of hybrid permissions and granular visibility to its Azure Active Directory customers. Vice President of Microsoft Identity, Joy Chik, said, “As the corporate network perimeter disappears, it’s crucial to establish a strong cloud identity foundation, so you can enforce least privileged access to protect business-critical systems while improving business agility.”
He further mentioned that the company is determined to provide easier access to the least privileged services for all users across the globe. CloudKnox is a California-based startup founded by Balaji Parimi and Rao Cherukuri in the year 2016.
The company specializes in developing multi-could permissions management platforms using activity-based authorization technology. The company has received a total funding of $22.8 million from investors like Wipro Ventures, Dell Technologies Capital, Clearsky, and Telstra Ventures.
The acquisition raised Microsoft’s shares by 0.28% in midday trading. CEO and co-founder of CloudKnox, Balaji Parimi, said, “We saw opportunities to provide even greater value and seamless experience across hybrid and multi-clouds with deeper integrations within the Microsoft ecosystem.”
He also added that this acquisition would allow the company to build better solutions to enable the customers to protect their cloud data and improve their security posture.
Microsoft had earlier acquired similar security firms like RiskQ and ReFirm Labs to enhance its Azure security services. The company currently processes more than eight trillion security signals in a single day with the help of 3500 security-defending employees.