Microsoft has acquired Cloudyn, a company based in Israel helps enterprises and managed service providers optimize their investments in cloud services.
“This acquisition fits squarely into our commitment to empower customers with the tools they need to govern their cloud adoption and realize the strategic benefits of a global, trusted, intelligent cloud,” explains Jeremy Winter, Director of Program Management, Azure Security and Operations Management. “Cloudyn gives enterprise customers tools to identify, measure and analyze consumption, enable accountability and forecast future cloud spending. ”
The deal was worth between $50 million and $70 million, according to TechCrunch.
“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,” added Winter. “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.”
Customers of Cloudyn, which was already a Microsoft partner, optimize their cloud services usage and costs through automated monitoring, analytics and cost allocation.
“The Cloudyn solution will be incorporated into Microsoft’s product portfolio—offering customers the industry’s broadest set of multi-cloud management, security and governance solutions,” stated Sharon Wager, CEO of the startup.