Microsoft’s acquisition of cloud spending management company Cloudyn was announced Thursday. Page: 1
Microsoft is acquiring Cloudyn, a developer of software used by businesses and managed service providers to manage their spending on cloud services, Microsoft said Thursday.
The acquisition, which had been rumored earlier this year, is subject to regulatory approvals and is expected to close later this year. Terms of the deal were not disclosed.
Microsoft said the acquisition fits with its commitment to provide customers with the tools they need to govern their cloud adoption and realize the strategic benefits of a global, intelligent cloud system.
More details on this breaking story to come.
