Microsoft is said to be buying cybersecurity company RiskIQ

Microsoft is acquiring security software maker RiskIQ for RM2.09bil say insiders, as the company expands its security features. – AFP

Microsoft Corp. 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, according to people familiar with the matter.

The deal will be announced as soon as the next few days, said the people, who asked not to be identified speaking about an acquisition that isn’t yet public. Microsoft will pay more than US$500mil (RM2.09bil) in cash for the company, one of the people said.