Microsoft buys Israeli Cloudyn for between $ 50 and $ 70 million

by bold-lichterman

  • Microsoft acquires Cloudyn, which helps companies optimize their investments in the cloud.
  • The solution developed by Cloudyn will be directly integrated into Microsoft’s product portfolio.
  • The amount of the transaction has not been specified, however it would be between 50 and 70 million dollars.

After several months of discussions, it’s official. Microsoft buys Cloudyn, for an amount between 50 and 70 million dollars, according to information reported by TechCrunch. Founded in 2012 by Sharon Wagner, Vittaly Tavor and Boris Goldberg, the Tel Aviv-based company helps businesses optimize their cloud investments. It has raised over $ 20 million since its inception. The solution developed by Cloudyn will be integrated into Microsoft’s product portfolio.

This acquisition is directly in line with Microsoft’s strategy to help its customers better manage the storage of their data online. Companies are increasingly favoring a multi-platform strategy, rather than concentrating their investments on a single supplier. This is what Jeremy Winter, Director of Program Management at Microsoft, said in an article published on the company’s blog: “As customers multiply their projects in the cloud, it can be difficult to gain visibility and understand the costs of these projects (…). This acquisition is perfectly in line with our commitment to our customers, to give them tools that allow them to manage their presence in the cloud.“.

Recall that Microsoft saw its revenues generated by the cloud increase by 7%, reaching $ 6.7 billion in the fourth quarter of its 2016 fiscal year, which ended in June. Microsoft Azur, its data storage service, has seen its quarterly revenues more than double.

By integrating Cloudyn’s service into its offering, the company headed by Satya Nadella is taking a step ahead of its competitors, including Amazon Web Services (AWS) (AWS) and Google Cloud. The Israeli company has several thousand customers, including companies such as HP, Ticketmaster, and Photobox.