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July 29, 2015 1:10 PM ET

Software

Company Overview of Adallom LTD.

Company Overview

Adallom LTD. develops security solutions for sensitive and regulated data. The company offers security solutions that enable enterprises to collaborate and share information without the inherent security risks. It also provides its security solution as a private cloud or SaaS-based solution that audits various SaaS activities and provides real-time mitigation through user activity heuristics. The company serves government, public, and private organizations, including banks, telecom, and pharmaceutical companies. Adallom LTD. was founded in 2011 and is based in Ramat Gan, Israel.

24 Heruth street

Ramat Gan,  52541

Israel

Founded in 2011

Key Executives for Adallom LTD.

Co-Founder and Chief Executive Officer
Co-Founder and Chief Technology Officer
Co-Founder and Vice President of R&D
Compensation as of Fiscal Year 2015.

Adallom LTD. Key Developments

Microsoft Plans To Buy Adallom

Microsoft Corporation (NasdaqGS:MSFT) has signed a letter of intent to buy Adallom LTD., according to two people familiar with the matter. The expected price of the all-cash deal is about $320 million, according to one of the people.

Adallom's Management Dispels Rumours Of Microsoft Acquiring It

Microsoft Corporation (NasdaqGS:MSFT) reportedly decided to acquire Adallom LTD. for approximately $320 million. Microsoft declined to comment on the report. According to Geektime sources, Adallom‘s management reached out privately to dispel rumors of the acquisition. Adallom's management did not negate it completely but said that if something this serious were to occur, they would formally announce it first.

Adallom and Check Point Software Technologies Ltd. Announces Partnership for SaaS Document Protection

Adallom and Check Point Software Technologies Ltd. announced a new partnership aimed to protect business documents stored in SaaS environments. The migration of enterprise data to cloud applications like Salesforce, Box, Office 365 and Google Apps, coupled with the massive surge in mobile device usage continues to challenge IT and security teams. As a result, sensitive corporate documents may be shared with anyone with a single link, or downloaded to unmanaged devices; and users with access to sensitive documents may still have access to them after they depart the company. The integration of Adallom Cloud Access Security Platform with Check Point Capsule provides a comprehensive security solution that: Secures business documents in the cloud. Prevent data leakages and address compliance mandates by attaching security that travels with sensitive SaaS documents. The Adallom and Check Point integration encrypts business documents stored in cloud services; authorized users can access a protected document seamlessly and transparently. Enables collaboration on any device. Protect business data on mobile devices without administrative overhead. The Adallom and Check Point integration enables secure collaboration on any mobile device. This allows mobile users to securely interact with SaaS documents, intermingling enterprise and personal data, without impacting data security. Protect from threats. Extend corporate security policy to protect enterprise data from threats even when users are outside of the corporate network. The joint offering provides the right level of security and visibility in SaaS applications and generates unique and context-rich insights into user activities and data interactions, including detection of compromised accounts, internal threats, and cloud-based threats.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 28, 2015
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