Microsoft Agrees To Acquire Cybersecurity Company RiskIQ

Microsoft said it has agreed to acquire RiskIQ, a security software maker, as the tech giant tries to expand its products and better protect customers amid a rising tide of global cyberattacks. From a report: The company announced the deal Monday on its web site and didn't disclose terms. Bloomberg on Sunday reported the purchase, citing people familiar with the matter. Microsoft is paying more than $500 million in cash for the company, said one of the people, who declined to be named discussing confidential matters. San Francisco-based RiskIQ makes cloud software for detecting security threats, helping clients understand where and how they can be attacked on complex webs of corporate networks and devices. Its customers include Facebook, BMW, American Express and the U.S. Postal Service, according to the company's web site.

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