14 DAY TRIAL // Microsoft is again going shopping in Israel, and this time cloud-monitoring and analytics startup Cloudyn is said to be the target, according to reports.
Though not much is known at this point, local media is reporting (via VentureBeat) that Microsoft might be willing to spend as much as $60 million to purchase the company, which could help the firm improve its cloud business with a number of new technologies.
Ever since Satya Nadella replaced Steve Ballmer at the helm of the company, Microsoft has become fully focused on cloud solutions, and this particular business quickly turned into one of Redmond’s biggest cash cows.
As a result, Cloudyn is a pretty compelling purchase for the software giant, especially because it already signed several big clients like HP and Ticketmaster. Automatic cloud monitoring and analytics could help Microsoft improve its cloud offering without involving human interaction, and this is part of the company’s approach anyway, as it wants clients to be provided with solutions that work with minimum input.
An announcement in this regard is not yet available, but if an agreement is close to being reached, expect more information to surface anytime soon.
As far as the terms of the deal are concerned, $60 million is certainly not much for Microsoft, especially after looking at the $26.2 billion the company spent for taking over LinkedIn.