Microsoft is making another move in the cloud storage business space. Today, the company announced it was acquiring StorSimple, a company that has worked with Microsoft in the past on its cloud solutions.
Today"s press release states:
StorSimple solutions combine the data management functions of primary storage, backup, archive and disaster recovery with cloud integration, enabling customers to optimize storage costs, data protection and service agility. With its unique cloud snapshot capability, StorSimple automatically protects and rapidly restores production data using public clouds. Large enterprises across many vertical markets, including retail, oil and gas, manufacturing, consumer goods, healthcare, and financial services, have made their first public cloud deployments using StorSimple.
The company, based in Santa Clara, California, was formed in 2009 by two former Cisco executives, Ursheet Parikh and Guru Pangal. The company has made partnerships with Microsoft Azure, as well as other cloud services such as Amazon Web Services, Google and others. Before being acquired by Microsoft, StorSimple raised a total of $31.5 million in venture capital funds from a number of investors. Microsoft did not announce the specific financial terms of today"s deal.
Source: Microsoft press release | Image via StorSimple