Computing company Microsoft has acquired InMage, a US-based developer of app recovery technology, in a deal that will provide an exit for investors including Intel Capital.
Founded in 2001, InMage provides software that enables users to recover data from apps in the event of any disaster.
Neither Microsoft nor InMage has disclosed the purchase price. InMage had raised $43m in equity and $1.5m in debt financing according to its SEC filings, and investors included Intel Capital, the corporate venturing arm of semiconductor maker Intel, and venture capital firms Hummer Winblad Venture Partners and Amidzad Partners.
Microsoft will incorporate InMage’s technology in its Azure Site Recovery service but InMage’s existing customers will continue to have access to the InMage products.
Takeshi Numoto, Microsoft’s corporate vice president of cloud and enterprise marketing, said: “This acquisition will accelerate our strategy to provide hybrid cloud business continuity solutions for any customer IT environment, be it Windows or Linux, physical or virtualised on Hyper-V, VMware or others.”