Tech giant Microsoft confirmed its consent to buy US-Israeli Cyber-Security firm Hexadite

In a recent buzz it is been ascertained that the tech giant Microsoft recently has decided to obtain Hexadite, a US-Israeli provider of technology to mechanize the responses to cyber-attacks. However, the financial terms of the agreement is not yet disclosed.

In the month of May, Israeli financial news website Calcalist said that giant Microsoft would pay $100 million (roughly Rs. 643 crores) for Hexadite, which is headquartered in Boston with its research and development centre in Israel. Hexadite explains that its technology augments productivity and decreases costs for businesses.

Terry Myerson, the executive vice president of Windows and Devices Group at Microsoft, said that Hexadite will be felicitating the company to further add new tools and services to Microsoft's enterprise security offerings.

The Investors in Hexadite includes industry biggies such as Hewlett Packard Ventures, and venture capital firms TenEleven and YL Ventures.

The tech giant Microsoft few months back in January said that it plans to go on to invest more than $1 billion (roughly Rs. 6,428 crores) annually on cyber-security research and development in the coming years. As Israel has already been benefited from that investment.