Microsoft announced on Thursday that it has signed an agreement to purchase Boston-based cybersecurity startup Hexadite. The acquisition hasn’t closed yet.
The deal was first reported on May 24 by Israeli publication Calcalist, but Microsoft didn’t confirm the acquisition until today’s announcement. No terms were disclosed in the news release, but Calcalist previously reported the price was $100 million.
Microsoft said Hexadite will be “fully absorbed into Microsoft,” joining its Windows and Devices Group.
Xconomy’s story from late May has more information on Hexadite and how it might fit into Microsoft’s cybersecurity strategy.
Author: Jeff Bauter Engel
Jeff, a former Xconomy editor, joined Xconomy from The Milwaukee Business Journal, where he covered manufacturing and technology and wrote about companies including Johnson Controls, Harley-Davidson and MillerCoors. He previously worked as the business and healthcare reporter for the Marshfield News-Herald in central Wisconsin.
He graduated from Marquette University with a bachelor degree in journalism and Spanish. At Marquette he was an award-winning reporter and editor with The Marquette Tribune, the student newspaper. During college he also was a reporter intern for the Muskegon Chronicle and Grand Rapids Press in west Michigan.
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