Microsoft Is Quietly Becoming a Cybersecurity Powerhouse

Microsoft (NASDAQ: MSFT) recently agreed to purchase CyberX, a developer of cybersecurity solutions for the industrial IoT (Internet of Things) market. Microsoft didn't disclose the value of the deal, but TechCrunch claims it was worth roughly $165 million.

Microsoft will integrate CyberX's tools, which can digitally map and gather data on thousands of devices in a building, into its broader portfolio of IoT security services. Microsoft claims CyberX provides "a fundamental step to securely enable smart manufacturing, smart grid, and other digitization use cases across production facilities and the supply chain."

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Source Fool.com