Washington-based technology company, Microsoft has officially declared that they are buying Israeli cloud computing firm Cloudyn and also giving Infosys the first exits from its corporate venture capital fund. Previously, Infosys was a holder of the minority stake in Cloudyn for ₹25 Crore ($4 million). According to media reports, Microsoft is paying approximately ₹450 Crore ($70 million) for the company to expand their services and to build innovative products. The return of Infosys could not be computed because the company has not yet disclosed the proper amount of Cloudyn it owns.
Apart from this, Cloudyn has raised ₹130 Crore ($20.5 million) from its investors in four rounds. According to Crunchbase, Cloudyn also has investors like Carmel Ventures, RDSeed and Titanium Investments. Microsoft is planning to incorporate Cloudyn into its Azure platform.
Through Blog Sharon Wagner, CEO of Cloudyn mentioned that “I would also like to thank our investors for believing in us, RDC, Carmel Ventures, Titanium, Viola Credit, and Infosys, as well as Pacific Crest Securities, our financial advisors in this transaction,”
In a recent blog post, Jeremy Winter, Director of Program Management, Azure Security and Operations Management commented that “Cloudyn capabilities will be incorporated into our product portfolio that offers customers the industry’s broadest set of cloud management, security and governance solutions,”
