Microsoft Acquires Israeli Tech Firm Cloudyn

The Associated Press
The Associated Press

TechCrunch reports: Back in April, we began hearing that Microsoft was in the process of buying Israeli cloud startup Cloudyn, a company that helps customers manage their cloud billing across multiple clouds. It’s taken a while to work through the terms, but today Microsoft finally made it official.

Sources tell TechCrunch the price was between $50 million and $70 million. In a company blog post today, Microsoft’s Jeremy Winter wrote, “I am pleased to announce that Microsoft has signed a definitive agreement to acquire Cloudyn, an innovative company that helps enterprises and managed service providers optimize their investments in cloud services.”

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. As TechCrunch’s Ingrid Lunden wrote in April, Microsoft has been pushing a multi-platform services approach, and this fits in with that overall strategy. It has the added bonus of giving them usage data across other cloud platforms.

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