Microsoft will acquire cloud optimization company Cloudyn to help enterprises and service providers manage their investments in Azure. The deal is estimated to be worth between $50 million and $70 million, according to a report from Israeli business publication, the Calcalist. However, the official terms of the deal were not disclosed.
Cloudyn uses automated monitoring, analytics, and cost allocation technology to help organizations optimize usage of cloud services. The company can also provide forecasts of future cloud spending.
“As customers grow their cloud usage across many projects, it can be challenging to gain visibility and understand costs for existing projects, to optimize those investments and to project future usage,” wrote Jeremey Winter, director of program management at Azure security in a blog post. “It is critical that customers have access to enterprise-grade management capabilities for detailed visibility into their Azure consumption, cost, and performance in order to stay within budget and ensure business success.”
Prior to this deal, Cloudyn was a partner of Microsoft Azure and was available on the Azure marketplace. The technology was also offered to monitor usage from other cloud providers like Amazon Web Services (AWS) and Google.
Cloudyn’s capabilities will be incorporated into Azure’s product portfolio to offer its customers a range of cloud management, security, and governance tools.
The Israeli-based company was founded in 2012 and has raised $20.5 million to date, according to Crunchbase. The company touts big-name customers like Hewlett Packard Enterprise (HPE), Ticketmaster, and Proofpoint.