Amazon has reportedly got its hands on Israeli startup CloudEndure, which is developing a disaster recovery data recovery service for customers using hybrid clouds. According to information obtained by TechCrunch, the amount of the transaction would be around $ 200 million.
Founded in 2012, the company explains that it provides “reliable business continuity solutions that prevent data loss and downtime due to human error, network failure, external threats or other disruption“.
The solution developed by CloudEndure for the hybrid cloud works with Amazon Web Services (AWS), Google Cloud Platform or Microsoft Azure. At this time, there is no information on how Amazon wants to integrate CloudEndure into its services, but it will be interesting to see if this compatibility with these other platforms will still be possible.
With this takeover, Amazon therefore further strengthens its lucrative cloud branch. Regarding the hybrid cloud market in general, the firm IDC estimates that it should generate 68.8 billion dollars in revenue by 2021, with an annual increase of 20%.
For its part, CloudEndure had raised a little over $ 18 million since its creation with a last funding round in 2016 with Magma Venture Partners or Infosys.