Microsoft has made numerous investments into the Israeli tech industry in recent years, while consolidating cloud services by acquiring smaller companies is a standard practice for all providers. A new report from Calcalist suggests Microsoft is in talks to acquire Tel Aviv-based start-up Cloudyn.
Of course, this is not official yet, but the report says Microsoft would pay between $50 million and $70 million for the cloud company.
Cloudyn is a company that monitors and enhances cloud storage capabilities. The company has worked with numerous cloud vendors over the years. Microsoft is remaining quite on the potential of this deal. Both Redmond and Cloudyn are towing the party line and saying, “no comment at this time.”
Founded in 2011, Cloudyn will certainly benefit from Microsoft’s considerable backing. The company has raised $20.5 million so far. Clearly, Microsoft will be paying almost four times as much as the company’s investments so far.
Just the size of the deal suggests Microsoft is not acquiring Cloudyn to make immediate impact. The company is boosting its Azure platform and general cloud services to better compete with Amazon Web Services.
Cloud services moving across datacenter and on premises are becoming major demand from customers. Cloudyn provides a SaaS solution that brings cloud monitoring to customers. The automated support includes analytics and optimization services.
Cloudyn with Azure
With the service, Microsoft will be able to give Azure customers ways to make their cloud more powerful, efficient, and cost-effective. The start-up explains the benefits of its service:
“With Cloudyn, you gain highly granular, real-time visibility into consumption, cost and performance of your multi-platform, hybrid cloud based on financial and operational metrics accessed via a single pane.”
Of course, as this is not official, we do not know how Microsoft will integrate the company into its current offerings.