- Microsoft (NASDAQ:MSFT) confirms earlier rumors that the company acquired Cloudyn, a cloud-focused monitoring and analytics startup.
- Deal was rumored at $50M to $70M but Microsoft didn’t confirm the financials.
- Cloudyn helps cloud customers monitor usage costs to create a more efficient experience, which could prove valuable to Azure enterprise clients.
- Microsoft Azure falls behind Amazon Web Services' cloud platform market share of 33% but Microsoft does retain about 95% of the enterprise productivity market.
- Previously: Box, Microsoft announce partnership to co-sell products (June 27)