Microsoft plans to acquire Cloudyn, a developer of software used by business and managed service providers to manage their spending on cloud services, Microsoft said Thursday.
The acquisition, which had been rumored earlier this year, is subject to regulatory approvals and is expected to close later this year. Terms of the deal were not disclosed.
Microsoft said the acquisition fits with its commitment to provide customers with the tools they need to govern their cloud adoption and realize the strategic benefits of a global, intelligent cloud system.
"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," said Jeremy Winter, Microsoft director of program management, Azure security and operations management, in a blog post announcing the acquisition deal.
"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," Winter said.
Cloudyn, founded in 2011 and based in Tel Aviv, Israel, develops tools that businesses and organizations use to identify, measure and analyze cloud service consumption, enable accountability and forecast future cloud spending. That allows users to optimize their cloud services usage and costs through automated monitoring, analytics and cost allocation.
Cloudyn supports Microsoft's Azure cloud service, as well as cloud services from rivals Amazon Web Services and the Google Cloud Platform and OpenStack-based infrastructure. Cloudyn's ability to support multiple cloud systems is seen as fitting in with the trend of businesses using multi-cloud systems.
In a blog post, Sharon Wagner, Cloudyn founder and CEO, said Cloudyn's software would be "incorporated into Microsoft's product portfolio, offering customers the industry's broadest set of multi-cloud management, security and governance solutions."
In April Calcalist, an Israeli business web site, said Microsoft and Cloudyn were discussing an acquisition for between $50 million and $70 million.
Microsoft's acquisition of Cloudyn comes just three weeks after Microsoft confirmed a deal to acquire Boston-based Hexadite, a cybersecurity startup that develops a security orchestration and automation platform. In April Microsoft struck a deal to buy Deis, a developer of tools that make it easier to build applications using the Kubernetes container orchestration technology.