July 9, 2020: The tech giants are using the economic slowdown more fruitfully by focusing on acquiring startups to achieve their long-term goals. CyberX is a security startup that is expertized in detecting, predicting, and stopping security breaches only in the IoT application. Microsoft confirms the buy to improve their long term goal and provide security for Azure IoT.
“CyberX will complement the existing Azure IoT security capabilities, and extends to existing devices including those used in industrial IoT, Operational Technology and infrastructure scenarios,” said Michal Braverman-Blumenstyk, CVP, CTO, Cloud + AI Security, and Sam George, CVP, Cloud + AI Azure IoT in a blog post. “With CyberX, customers can discover their existing IoT assets, and both manage and improve the security posture of those devices.”
The deal was in conversation from February and went cold in the latter days. The initial amount was about $150million, and the current price has not yet disclosed. The sources mention the closure amount of the deal is $165 million.
In recent days Microsoft is focused more on two areas, cybersecurity, and IT services for a large organization. The prime focus is on providing AI-based cybersecurity that will help the organization detect the next generation threats.
Microsoft has invested approximately $5billion in the area of IoT and providing a security solution for large-organizations. CyberX has a customer base from Oil and Gas, Chemical manufacturers, Automobile, Telecom companies where the process includes no much human touch. The solutions manage and detect the threats continuously through the various platform and the network. The acquisition is an added advantage for Microsoft to focus more on the IoT solution they provide.
All the employees with Co-Founder will be joining Microsoft in the present deal. The in-depth solutions to manage IoT platforms will help the company achieve more towards the customized solutions for the end-users.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
September 26, 2023: On Monday, Japanese automaker Nissan revealed its dedication to transitioning to completely electric …
In an industry as competitive and fast-paced as Consumer Packaged Goods (CPG), standing out from the crowd requires innovation and adaptability. The cracks in the CPG supply chain were exposed long before the global pandemic struck, but the events of the past year only exacerbated the weaknesses.
Supply chain leaders, including VPs, often find themselves making bets with unknown financial consequences. Having started with largely infeasible plans generated by deterministic “one-number” planning systems, compounded by unexpected supply or demand disruptions, they are forced into last-minute adjustments to meet operational and financial goals.
Unsurprisingly, today’s supply chain faces numerous issues, including sustainability, technology, global economic and political instability, talent management, and supply chain resilience. Advanced forecasting algorithms and predictive analytics are used in supply chain management to help organizations of all sizes make better decisions by providing insights into what’s going on in their business at any given moment and predicting future trends.
Ensuring the right products are in the right place and at the right time is critical for companies also dealing with supply chain constraints and a high degree of variability. Uncertainty has become the name of the game and the only way to effectively optimize inventory through continuous, data-driven assessments, planning, and decision-making.