Microsoft Buys Cloudyn

Friday Jun 30th 2017 by Developer.com Staff
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The startup offers cloud computing monitoring and budgeting tools.

Microsoft has officially confirmed its purchase of Cloudyn, a company that sells monitoring and budgeting tools for multi-cloud environments. The purchase has been rumored since April with reports of a purchase price between $50 million and $70 million; however, the companies involved did not divulge the actual size of the deal.

"The Cloudyn solution will be incorporated into Microsoft's product portfolio—offering customers the industry's broadest set of multi-cloud management, security and governance solutions," blogged Sharon Wagner, the founder and CEO of Cloudyn.

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