Back in April, we reported that Microsoft had agreed to acquire cloud management company Cloudyn. Microsoft has now announced the official confirmation and the closing of the purchase. The company will use the acquisition to further its cloud service tools as it competes with Amazon in Google in an increasingly competitive market.
While Microsoft has still not said how much it paid for Cloudyn, the figure is thought to be between $50 million and $70 million.
Cloudyn is a company that monitors and enhances cloud storage capabilities. Based in Israel, it has built a reputation for improving cloud services and has worked with several cloud vendors.
Founded in 2011, Cloudyn will now receive the full backing or Microsoft. Indeed, it is possible the company will eventually be folded into Azure. In its announcement, the company spoke of the existing collaboration between the two companies:
“As a Microsoft partner, Cloudyn has supported cost management for Microsoft Azure and other public clouds, helping customers continuously improve their cloud efficiency. Customers have been able to optimize their cloud services usage and costs through automated monitoring, analytics and cost allocation.”
The company says such acquisitions meet a commitment to bring more cloud services and protection to customers. Through Azure, Microsoft wants to give users “the tools they need to govern their cloud adoption and realize the strategic benefits of a global, trusted intelligent cloud.”
Cloud services moving to deliver both datacenter and on premises tools are becoming popular. The company provides a SaaS solution that brings cloud monitoring to customers. The automated support includes analytics and optimization services.
Cloudyn CEO, Sharon Wagner confirmed the deal with Microsoft:
“The Cloudyn solution will be incorporated into Microsoft’s product portfolio – offering customers the industry’s broadest set of multi-cloud management, security and governance solutions… we are stoked to be joining the Microsoft team and are ready to embark on the next stage of our journey.”