Microsoft to buy Israeli cloud management firm

New York, June 30 (IANS) Microsoft has said it will acquire Israel-based cloud management company Cloudyn.

"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," the software giant announced. 

"This acquisition fits squarely into our commitment to empower customers with the tools they need to govern their cloud adoption and realise the strategic benefits of a global, trusted, intelligent cloud," said Jeremy Winter, Director of Programme Management, Microsoft Azure Security and Operations Management. 

Cloudyn gives enterprise customers tools to identify, measure and analyse consumption, enable accountability and forecast future cloud spending. 

Microsoft did not disclose Cloudyn's price tag. It said that closing of the acquisition was subject to regulatory approval.