20 April, 2017
Microsoft May Buy Cloud Monitoring Startup Cloudyn For $50M-70M
The consolidation of smaller cloud services through acquisitions by larger could platforms has been a running theme in the enterprise world for a while, and this morning we got a glimpse of what might be the latest development on that front. Israeli publication Calcalist is reporting that Microsoft is in talks to acquire Cloudyn — startup founded in Tel Aviv that monitors and optimizes a company’s cloud storage across multiple vendors — for a price of between $50 million and $70 million.
We’ve reached out to both Cloudyn and Microsoft for comment and have received nearly identical replies in response: “No comment at this time” from a Microsoft spokesperson, and “At this time, no comment,” from Cloudyn’s spokesperson. Separately, a source close to the situation tells TechCrunch that nothing has been signed so that’s a signal that things could shift, or not happen at all.