Microsoft buys Israeli cloud solutions co Cloudyn

Microsoft

Cloudyn specializes in analytics and optimization for cloud services.

US software giant Microsoft has made another acquisition in Israel. Microsoft has bought Cloudyn, which specializes in analytics and optimization for cloud services, for an amount that will range between $50 million and $70 million.

Among the investors in Cloudyn are RDC (a joint venture of Elron and Rafael), Carmel Ventures, Titanium, Viola Credit, and Infosys. RDC will receive some $17 million from the deal.

Cloudyn's solution analyses use of cloud services, chiefly for developers working on several projects at once. It enables them to know, at any moment, the utilization of their infrastructure and its cost, and from that to carry out analysis and optimization of their activity. For Microsoft, this will be an additional tool provided to users of its Azure services, which compete with services by companies like Amazon and Google.

Elron CEO Ari Bronshtein said, "We invested in the company from the seed stage with three entrepreneurs and a program, because we believed in them, in the idea, and in our ability to assist. One of the special and interesting qualities of Cloudyn is the fact that the company adopted a policy of diversity of employment, and it is a wonderful example of the fact that it is possible to employ people of diverse backgrounds in Israeli high tech."

Jeremy Winter, director of Program Management, Azure Security and Operations Management, said, "Cloudyn gives enterprise customers tools to identify, measure and analyze 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 customers have been able to optimize their cloud services usage and costs through automated monitoring, analytics and cost allocation.

"Since working with Cloudyn, one US-based Fortune 500 customer has seen a 286 percent return on investment (ROI) with regard to their cloud efficiencies, demonstrating Cloudyn’s ability to help customers accelerate their cloud adoption. Cloudyn capabilities will be incorporated into our product portfolio that offers customers the industry’s broadest set of cloud management, security and governance solutions."

In less than three years, Microsoft has made five substantial acquisitions of Israel companies (Aorato, Adalom, Ntrig, Equivio, and Secure Islands), and three weeks ago it signed an agreement to buy security company Hexadite for $100 million.

Published by Globes [online], Israel business news - www.globes-online.com - on June 29, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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