Why does Microsoft want to acquire Hexadite?

By Catherine Rowell

It is a recurring theme within tech giants, all of whom are vying to become the first to perfect driverless cars, seamless transportation systems and implement AI into the domestic and corporate sphere. However, in alignment with corporate businesses utilising cloud services, there is an increased need for strengthened cyber security and data center services.

It has recently been revealed that Microsoft have acquired Israeli company Hexadite for approximately $100 million, but both parties have yet to comment on the potential acquisition. On their website, it is stated that Hexadite implements AI and machine learning when analysing particular cyber-attacks to networks, whilst also identifying any potential risk areas which could become a growing problem.

Aiming to mitigate and reduce incidents seamlessly, the artificial intelligence “resolves incidents in seconds and frees up analysts to focus on the threats that truly demand their expertise,” eliminating potential delays in service and inflated costs in resolving any issues with regards to security.

With the ability to provide increased reassurance within businesses is something in which there is ultimately no price within the corporate sector, where any potential breach could prove disastrous. Hexadite has stated that it is able to reduce the time taken to resolve cyber incidents by 95 percent, making such an acquisition lucrative for Microsoft.

Originating from Tel Aviv in Israel, the company is headquartered in Boston, and has raised over $10 million in funding. Notable investors include HP Ventures, YL Ventures, TenEleven Ventures and Mosche Lichtman of Israel Venture Partners, according to TechCrunch.

Microsoft are continuing to invest $1 billion as part of their pledge to provide increased cyber security services, at which the company has acquired several start-ups in Israel, such as Secure Islands an Team8, but has reportedly now also acquired Cloudyn, which focuses on cloud services and solutions.


Featured Articles

Sustainability, ESG, net zero in focus at must-attend event

Sustainability takes centre stage at two-day hybrid conference featuring thought leaders covering circular economy, scope 3, ESG, B Corp, net zero, DE&I

Must-attend sustainability events for executives in 2022/23

Discuss and debate the most pressing issues around sustainability at these nine executive events – from London to Abu Dhabi, San Diego to Singapore

Meet the CEO on a mission to nurture women leaders in Africa

The argument for women leaders in Africa is compelling, yet numbers are small. But one female leader is on a mission to change that – Awamary Lowe-Khan

BCG's Daniel Weise on supply chain and procurement strategy

Leadership & Strategy

Flexible work perks heat up as the war on talent rages

Human Capital

Meet the COO: Former Israel Defense Force cyber lead Parnes

Technology & AI