Home / Software & Service News / Microsoft reportedly to acquire Israeli cloud monitoring startup Cloudyn for around $60 million

Microsoft reportedly to acquire Israeli cloud monitoring startup Cloudyn for around $60 million

Microsoft is lining up a bid to buy Israeli cloud-monitoring and analytics startup Cloudyn in a deal thought to be worth around $60 million, according to a report (in Hebrew) in local Israeli business publication the Calcalis.

Founded in 2012, Cloudyn’s software-as-a-service (SaaS) platform helps companies automate the process of monitoring their cloud costs, providing analytics and optimization tools. It’s all about improving cloud performance and efficiencies, with companies garnering real-time data across various operational and financial metrics.

Cloudyn has raised more than $20 million since its inception, including a $11 million round back in 2015, and claims some big-name clients including Hewlett Packard Enterprise (HPE) and Ticketmaster.

Since Satya Nadella took over as CEO back in 2014, Microsoft has been pushing its cloud credentials — making “the intelligent cloud platform” is one of its three key investment areas, alongside “reinventing productivity and business processes” and creating “more personal computing.” And as Microsoft’s former head of cloud and enterprise group before rising to CEO, it’s perhaps no surprise to see Nadella double down on its cloud efforts specifically.

Microsoft has has made a number of strategic investments in the cloud realm over the past few years, most recently snapping up the team behind Deis, a set of open-source software tools and services for working with apps packaged within containers. Cybersecurity has also been a major focus of Microsoft’s cloud investment strategy.

Automation is also a key factor here. That Cloudyn offers a platform that promises to save manpower through automatically monitoring and identifying inefficiencies would fit in well with Microsoft’s broader cloud strategy.

VentureBeat has reached out to the companies concerned and will update here if or when we receive confirmation.



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Via: The Verge

Source: Matternet