Diversified software provider Microsoft has agreed to acquire Cloudyn, an Israel-based cloud analytics technology developer backed by IT services provider Infosys, in a deal previously reported to be between $50m and $70m.
Cloudyn produces software that automates cloud monitoring, analytics and optimisation for enterprises, giving them insights into the consumption, cost and performance of their multi-platform, hybrid cloud software.
The company’s technology will be incorporated into the Microsoft Azure cloud computing platform. The size of the deal was originally reported by Calcalist in April this year.
Jeremy Winter, Microsoft’s director of program management for Azure Security and operations management, said: “This acquisition fits squarely into our commitment to empower customers with the tools they need to govern their cloud adoption and realise the strategic benefits of a global, trusted, intelligent cloud.
“Cloudyn gives enterprise customers tools to identify, measure and analyse consumption, enable accountability and forecast future cloud spending. As a Microsoft partner, Cloudyn has supported cost management for Microsoft Azure and other public clouds, helping customers continuously improve their cloud efficiency.”
Cloudyn had raised $12.5m from RDSeed, a software accelerator formed by military equipment producer Rafael Advanced Defense Systems, as well as Carmel Ventures and Titanium Investments, when Infosys provided another $4m for the company in August 2016.