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Microsoft Buying Cloud Startup Cloudyn For Up To $70M

Microsoft has agreed to buy Israeli cloud-monitoring software-as-a-service vendor Cloudyn. The deal is worth between $50 million and $70 million, sources tell TechCrunch. As for the rationale, TC  writes: “As companies continue to pursue a multi-cloud strategy, this gives Microsoft a cloud billing and management solution that provides it with an advantage over competitors, particularly AWS and Google Cloud Platform.”

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