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The 10 Top IoT News Stories Of 2020

Private equity sales, vendors pushing pause on facial recognition and a massive semiconductor acquisition deal were among this year’s largest news stories in the IoT market.

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9. Microsoft Acquires CyberX For A Reported $165M

In another sign of Microsoft‘s interest in expanding beyond traditional IT, the company in June confirmed that it has acquired industrial IoT security startup CyberX, with reports pegging the deal‘s value at approximately $165 million. The Waltham, Mass.-based company was founded in 2013 and provides continuous monitoring and vulnerability management for industrial control systems. CyberX counts two of the top five U.S. energy providers, a top five global pharmaceutical company, a top five U.S. chemical company, and national electric and gas utility providers across Europe and Asia-Pacific among its base of customers. Microsoft has made a handful of pure-play security buys over the years, adding security orchestration and automation provider Hexadite in June 2017 for a reported $100 million to help companies investigate and respond to alerts.

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