Back in April, we heard that the Israeli Cloud startup Cloudyn which helps customers manage the cloud billing across different clouds, is going to be bought by Microsoft. The process of working out the terms took a while, but finally Microsoft officially announced that it has acquired the Cloudyn. Regarding the price of this acquisition, the sources said that it was between $50 million and $70 million.

Microsoft Announced Acquisition of Cloudyn:

Today, in the Blog Post of the company, Microsoft’s Jeremy Winter announced: “I am pleased to announce that 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.”

Significant Step towards Cloud Management:

This solution will provide Microsoft the solution of cloud management and billing. This is a great addition to have as most of the companies are now moving towards multi-cloud strategies. Now Microsoft has a clear advantage over its competitors like AWS and Google Cloud Platform.

TechCrunch’s Ingrid Lunden:

In April Ingrid Lunden said: “It is here that Cloudyn could be a more useful addition to the Microsoft portfolio: a way to help Microsoft’s customers monitor how their services are working in the cloud, while perhaps in the process also giving Microsoft’s own services a helpful nudge in the mix. It helps, too, that Cloudyn itself has been amassing a large client list itself. The company says that it works with “thousands” of companies, including “Fortune 500 leaders in all major industry verticals.” Notably, Cloudyn also is already a Microsoft partner. In March of this year, it announced support for Microsoft Cloud Solution Providers - that is, integrators and other in-the-middle services providers who sit between Azure (or other cloud providers) and enterprises and manage and monitor usage on those platforms on their behalf, perhaps tied to a specific product at the business that the integrator has implemented. Infosys (which, again, invests in Cloudyn), Westcon-Comstor and Insight are already customers.” He also said it to be the solid return for investors: “To date, Cloudyn, which was founded in 2011, has raised $20.5 million, according to Crunchbase, from investors that include Carmel Ventures, Infosys and Russia’s Titanium (Calcalist notes a higher funding figure of $22.5 million). This means a $50 million to $70 million price tag is at least more than double, or nearly four times the money raised, and a 10x multiple on revenues, which Calcalist reports at between $5 million and $7 million a year”.