Microsoft has signed a definitive agreement to acquire Israel-based Cloudyn, a company that helps enterprises and managed service providers optimize their investments in cloud services. According to The Algemeiner, the deal took place for an estimated $50-$70 million.
“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. 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,” wrote Jeremy Winter, Microsoft director of program management, Azure security and operations management, in an announcement post. “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.”
The acquisition is subject to regulatory approvals and is expected to close later this year.
Israel has been a hot favorite and an investing hub for the information technology industry. This is a second major acquisition of an Israeli company for Microsoft. Earlier this year, Microsoft had acquired Hexadite for $100 million. Also, Intel acquired Mobileye for $15 billion in what has been dubbed as the largest-ever acquisition of an Israeli technology company.
