CloudEndure, a US-based data recovery technology developer backed by corporates including IT services provider Infosys, has been acquired by e-commerce and cloud computing firm Amazon for $200m, Haaretz reported on Monday.
The deal has reportedly been finalised and is expected to be officially disclosed within days. The news follows an announcement by Infosys last month that it had signed an agreement to divest its stake in CloudEndure for approximately $15.3m.
Founded in 2012, CloudEndure has developed a cloud migration and disaster recovery platform to move data between physical, virtual and cloud-based infrastructures.
The software offers continuous backups to prevent data loss and enable data recovery and supports platforms including Amazon Web Services, Amazon’s cloud storage and computing business. CloudEndure had raised a total of $18.2m in funding ahead of the acquisition.
Infosus reportedly invested $4m to co-lead the company’s $13m series B round with venture capital firm Magma Venture Partners. It closed in 2016 with a $6m extension backed by then unnamed strategic investors.
Computing technology provider Dell EMC and its virtualisation software subsidiary VMware have since been revealed as CloudEndure shareholders, along with diversified conglomerate Mitsui & Co.
Magma Venture Partners had previously led a $5.2m series A round for CloudEndure in 2013. Its other investors include consulting and investment firm Teramips Technologies and private investor Zohar Gilon.
