TechCrunch reports: Back in April, we began hearing that Microsoft was in the process of buying Israeli cloud startup Cloudyn, a company that helps customers manage their cloud billing across multiple clouds. It’s taken a while to work through the terms, but today Microsoft finally made it official.
Sources tell TechCrunch the price was between $50 million and $70 million. In a company blog post today, Microsoft’s Jeremy Winter wrote, “I am pleased to announce that Microsoft has signed a definitive agreement to acquire Cloudyn, an innovative company that helps enterprises and managed service providers optimize their investments in cloud services.”
As companies continue to pursue a multi-cloud strategy, this gives Microsoft a cloud billing and management solution that provides it with an advantage over competitors, particularly AWS and Google Cloud Platform. As TechCrunch’s Ingrid Lunden wrote in April, Microsoft has been pushing a multi-platform services approach, and this fits in with that overall strategy. It has the added bonus of giving them usage data across other cloud platforms.
Read more here.
COMMENTS
Please let us know if you're having issues with commenting.