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Microsoft acquiring cloud provider Avere Systems

Published 01/03/2018, 01:22 PM
© Reuters.  Microsoft acquiring cloud provider Avere Systems
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  • Microsoft (MSFT +0.5%) has added features to its cloud model with a deal to acquire of Avere Systems, which focuses on helping enterprises with use of off-premise infrastructure.
  • Terms weren't disclosed. But the new technology could help Microsoft target organizations that would otherwise be interested in its Azure platform but can't easily shift the workload (such as a security-focused government agency).
  • Avere says it can help offload workloads to infrastructure-as-a-platform offerings, letting organizations keep computing on-premise and bulk storage in the cloud, or "the opposite of that," says CEO Ron Bianchini -- putting "compute in the cloud" that can access info in a private data center.
  • Avere's tech is used by Sony Entertainment, the CDC and Johns Hopkins, all of whose accounts will be moving to Microsoft. Avere will continue to support Amazon (NASDAQ:AMZN) Web Services and Google (NASDAQ:GOOGL) Cloud Platform in order to maintain customers, however.
  • Now read: Apple (NASDAQ:AAPL) And Microsoft's Overseas Cash Pile - Feria Investor's Hector Andres Pacheco's Idea Of The Month


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