Microsoft today has announced its acquisition of Cloudyn, a cloud management company that provides tools to help customers understand the cost of their projects. The acquisition, Microsoft says, will bolster efforts to help Azure customers get a granular look at their cloud spending.
This acquisition fits squarely into our commitment to empower customers with the tools they need to govern their cloud adoption and realize the strategic benefits of a global, trusted, intelligent cloud. Cloudyn gives enterprise customers tools to identify, measure and analyze consumption, enable accountability and forecast future cloud spending. As a Microsoft partner, Cloudyn has supported cost management for Microsoft Azure and other public clouds, helping customers continuously improve their cloud efficiency.
The Cloudyn acquisition was previously rumored to be in the works as far back as April, but today's news confirms it. At the time, TechCrunch reported that the value of the deal hovered somewhere between 50 and 70 million. Microsoft has not revealed the cost of the acquisition, and it is still subject to regulatory approval.
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