Software provider Microsoft has entered talks to acquire Israel-based cloud technology provider Cloudyn for between $50m and $70m in a deal that will allow IT services provider Infosys to exit, Calcalist has reported.
Founded in 2011, Cloudyn has developed a software platform that automates cloud monitoring, analytics and optimisation, allowing enterprises to track the efficiency and cost of their hybrid cloud capabilities.
Microsoft, the operator of the Azure cloud computing platform, is already a Cloudyn partner, and Cloudyn announced last month it has introduced advanced support for Microsoft’s network of Cloud Solution Providers.
Infosys invested $4m in Cloudyn in August 2016, adding to a reported $12.5m in funding that had previously been provided by investors including venture capital firms Carmel Ventures and Titanium Investments, and software accelerator RDSeed.
All three of those other investors participated in Cloudyn’s $11m series B round in late 2015. RDSeed was formed by RDC, the commercialisation arm of military equipment producer Rafael Advanced Defense Systems formed with technology holding company Elron Electronics.