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.

 

 

Click Here For Original Source Of The Article

About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

Check Also

Microsoft’s Seeing AI app for the blind now reads handwriting

Artificial intelligence took center stage at Microsoft's AI Summit in San Francisco on Wednesday. Aside from announcing AI smarts for a range of software -- from Bing to Office 365 -- the tech titan is also ramping up its Seeing AI app for iOS, which uses computer vision to audibly help blind and visually impaired people to see the world around them. According to Microsoft, it's nabbed 100,000 downloads since its launch in the US earlier this year, which convinced the tech titan to bring it to 35 countries in total, including the EU.

It's also getting a bunch of new features. The app now boasts more currency recognition, adding British pounds, US dollars, Canadian dollars, and Euros to its tally. Going beyond the color in a scene, it can also spot the color of specific objects, like clothes. Plus, it's no longer restricted to just short printed text, with handwriting recognition now part of its skill set. You can also customize the voice that it uses to speak its observations out loud, and set how fast it talks.

Finally, a musical light detector alerts you to the light in an environment with an audible tone -- Microsoft claims the tool will save users from having to touch a hot bulb or LED battery to check if it's on. Despite the big update, there's still no word on an Android launch.

Source: Microsoft

css.php