Microsoft to acquire Israeli startup Cloudyn, Infosys exits

The Microsoft logo is seen on an electronic billboard on an office building in New York City. REUTERS.

Global technology giant Microsoft has said it will acquire Israel-based cloud management company Cloudyn in a transaction that also provides an exit to Indian software major Infosys on its year-old investment.

“Microsoft has signed a definitive agreement to acquire Cloudyn, an innovative company that helps enterprises and managed service providers optimize their investments in cloud services,” the software giant announced.

“This acquisition fits squarely into our commitment to empower customers with the tools they need to govern their cloud adoption and realise the strategic benefits of a global, trusted, intelligent cloud,” said Jeremy Winter, Director of Programme Management, Microsoft Azure Security and Operations Management.

While the financial details of the deal were not disclosed, it is reported to be around $50 million-$70 million.

According to a company statement, Infosys has agreed for divestment of its entire investment in Cloudyn for a total consideration of approximately $4.4 million.

In August last year, Infosys has invested $4 million to pick up a minority stake in Cloudyn marking the Bengaluru-headquartered firm’s second investment in an Israel-based cloud-computing start-up from the company’s $500 million innovation fund.

In 2015, Infosys had paid $4 million to pick a minority stake in Cloud Endure Ltd, an Israeli-based start up which offers solutions to help large companies move applications to cloud and cloud-based Disaster Recovery software.

Privately-held Cloudyn, which was founded in 2011, provides enterprise customers tools to identify, measure and analyse consumption, enable accountability and forecast future cloud spending.

Cloudyn has raised $20.5 million in four rounds from its investors, startup data site Crunchbase said. Cloudyn’s other investors include Carmel Ventures, RDSeed and Titanium Investments, according to Crunchbase.

“Cloudyn capabilities will be incorporated into our product portfolio that offers customers the industry’s broadest set of cloud management, security and governance solutions,” added Winter.

Also Read:

India: Infosys invests in second cloud computing startup Cloudyn from Israel

India: Infosys Innovation fund invests $4m for minority stake in Israel -based Cloud Endure

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.