News published by: https://www.sdxcentral.com
Written by: Wyatt Carlson
Source URL: https://www.sdxcentral.com/articles/news/microsoft-acquires-cloudyn-optimize-cloud-usage/2017/06/
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.
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“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.”
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About Calsoft
Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. www.calsoftinc.com
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