Microsoft has completed its acquisition of Cloudyn, a company that helps other enterprises and managed service providers to optimize their investments in cloud services.
The rumor started in April when news about Microsoft having an eye in buying the Israeli startup. After Microsoft made clear about the acquisition, sources said that the value was between $50 million to $70 million.
As Microsoft continues its pursue in cloud services, acquiring Cloudyn is meant to help it in billing and management solutions, with an advantage over competitors like AWS and Google Cloud Platform. Microsoft has been pushing a multi-platform services approach, and this acquisition should fit its overall strategy.
What's more, Cloudyn can add more to Microsoft's portfolio by providing help to Microsoft's customers in monitoring how their services are working in the cloud.
Cloudyn itself has been amassing a large client list itself, saying that it works with "thousands" of companies, including “Fortune 500 leaders in all major industry verticals.”
Before the acquisition, Cloudyn has been a partner of Microsoft. In March, it announced support for Microsoft Cloud Solution Providers, sitting between Azure (or other cloud providers) and enterprises to manage and monitor usage on those platforms.
Cloudyn was founded in 2011, and has raised $20.5 million from investors that include Carmel Ventures, Infosys and Russia’s Titanium.
"We’re excited to bring the Cloudyn team and their technology to Microsoft. I look forward to seeing the impact their contributions will have on continuing to help our customers and partners accelerate their digital transformation with Azure," said Jeremy Winter, Director of Program Management, Azure Security and Operations Management.
