Microsoft announced on Thursday it has acquired cloud business management solution Cloudyn for an undisclosed price.
The news confirms April speculation in the Israeli press that Microsoft was considering purchasing Cloudyn for between $50 and $70 million.
Founded in 2011 and based in Tel Aviv, Cloudyn helps businesses manage their cloud infrastructure and optimize their investment in cloud services. The company offers software that allows businesses to monitor their cloud computing resources from Amazon Web Services (AWS), Google, and Microsoft, as well as OpenStack technology.
The acquisition of Cloudyn will help Micorosft Azure customers see greater returns on their cloud investment, as Cloudyn can identify, measure, and analyze cloud consumption, as well as make predictions on future cloud spending.
“As customers grow their cloud usage across many projects, it can be challenging to gain visibility and understand costs for existing projects, to optimize those investments and to project future usage,” states Jeremy Winter, director of program management, Azure Security and Operations Management, in a blog post announcing the news. “It is critical that customers have access to enterprise-grade management capabilities for detailed visibility into their Azure consumption, cost and performance in order to stay within budget and ensure business success.”
Prior to its acquisition, Cloudyn has raised over $20 million from investors like Carmel Ventures, Titanium Investments, and RDSeed.